Binder payment health insurance

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If a payment is missed by the due date, the enrollee receives an initial delinquency notice. The Connector does not currently accept credit card payments, but does accept electronic fund transfers.

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The first month’s premium is the “binder” premium and it must be received (or waived) to “effectuate” enrollment.Īfter initial enrollment, members will receive an invoice early in the month with a due date by the 23rd of the month for coverage in the following month. Enrollment will take place only after the premium is paid or the premium waiver is granted. After an eligibility determination, a person who will be charged a premium cannot enroll until paying the premium or obtaining a hardship waiver in advance of the first month of enrollment.

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