Common use of Grace Period for Recipients of Advance Payments of the Premium Tax Credit Clause in Contracts

Grace Period for Recipients of Advance Payments of the Premium Tax Credit. If a Subscriber or Member (i) receives Advance Payments of the Premium Tax Credit, made to them by the Exchange or to CareFirst BlueChoice on their behalf, and (ii) has paid at least one month’s full Premium due during the Calendar Year, there is a grace period of three (3) months beginning on the Premium Due Date within which overdue Premiums can be paid without loss of coverage. The grace period begins on the Premium Due Date. If Premiums are not received by the Premium Due Date, CareFirst BlueChoice will notify the Subscriber in writing of the overdue Premiums. This grace period will apply as follows:

Grace Period for Recipients of Advance Payments of the Premium Tax Credit. If a Subscriber or Member (i) receives Advance Payments of the Premium Tax Credit, made to them by the Exchange or to CareFirst BlueChoice on their behalf, and (ii) has paid at least one month’s full Premium due during the Calendar Year, there is a grace period of three (3) months beginning on the Premium Due Date within which overdue Premiums can be paid without loss of coverage. The grace period begins on the Premium Due Date. If Premiums are not received by the Premium Due Date, CareFirst BlueChoice will notify the Subscriber in writing of the overdue Premiums. This grace period will apply as follows: