Common use of Paying Your Membership Premium Clause in Contracts

Paying Your Membership Premium. When you purchase coverage under the Plan, you will be billed for the Premium on a monthly basis. Payment for the Premium is due the first day of each month for which coverage is provided. No grace period applies to the Binding Premium Payments. If the Subscriber has a balance with Community Health Options from coverage within the prior twelve months, this prior balance will be due as part of the Binding Premium Payment. If the full amount due (including the prior balance) is not paid prior to the effective date of coverage, your coverage will not go into effect. Prior balances may result from exhausting a grace period and/or failure to properly terminate your coverage as described in Section 9.B.

Paying Your Membership Premium. When you purchase coverage under the Plan, you will be billed for the Premium on a monthly basis. Payment Pay ment for the Premium is due the first day of each month for which coverage is provided. No grace period applies to the Binding Premium Payments. If the Subscriber has a balance with Community Health Options ® from coverage within the prior twelve months, this prior balance will be due as part of the Binding Premium Payment. If the full amount due (including the prior balance) is not paid prior to the effective date of coverage, your coverage will not go into effect. Prior balances may result from exhausting a grace period and/or and/ or failure to properly terminate your coverage as described in Section 9.B.