Common use of Grace Periods Clause in Contracts

Grace Periods. A grace period is a time past the premium due date that we will accept the monthly premium payment. Under this agreement, the grace period ends on the last day of the calendar month in which the premium is due.( Example: for one calendar month grace period; coverage is effective July 1 through July 31, the last date we will accept the premium payment is July 31). If you purchased coverage:  directly from BCBSRI the grace period is one calendar month.  through the HealthSource RI o and you do NOT receive advance payments of tax credits under your medical insurance policy, the grace period is one calendar month; o and you do receive advance payment of tax credits under your medical insurance policy; the grace period is three (3) calendar months after the premium due date. Please contact the Rhode Island Health Benefit Exchange for details. If you do not make payment by the end of the grace period, this agreement will cancel as of the last day of the grace period. This is called termination for nonpayment of premiums. Any claims incurred after the end of the grace period will be your responsibility.

Grace Periods. A grace period is a time past the premium due date that we will accept the monthly premium payment. Under this agreement, the grace period ends on the last day of the calendar month in which the premium is due.( Example: for one calendar month grace period; coverage is effective July 1 through July 31, the last date we will accept the premium payment is July 31). If you purchased coverage:  directly from BCBSRI the grace period is one calendar month.  through the HealthSource RI o and you do NOT receive advance payments of tax credits under your medical insurance policy, the grace period is one calendar month; o and you do receive advance payment of tax credits under your medical insurance policy; the grace period is three (3) calendar months after the premium due date. Please contact the Rhode Island Health Benefit Exchange HealthSource RI for details. If you do not make payment by the end of the grace period, this agreement will cancel as of the last day of the grace period. This is called termination for nonpayment of premiums. Any claims incurred after the end of the grace period will be your responsibility.

Grace Periods. A grace period is a time past the premium due date that we will accept the monthly premium payment. Under this agreement, the grace period ends on the last day of the calendar month in which the premium is due.( Example: for one calendar month grace period; coverage is effective July 1 through July 31, the last date we will accept the premium payment is July 31). If you purchased coverage:  • directly from BCBSRI the grace period is one calendar month.  • through the HealthSource RI o and you do NOT receive advance payments of tax credits under your medical insurance policy, the grace period is one calendar month; o and you do receive advance payment of tax credits under your medical insurance policy; the grace period is three (3) calendar months after the premium due date. Please contact the Rhode Island Health Benefit Exchange HealthSource RI for details. If you do not make payment by the end of the grace period, this agreement will cancel as of the last day of the grace period. This is called termination for nonpayment of premiums. Any claims incurred after the end of the grace period will be your responsibility.