We have been freelance for 3 years and our insurance monthly premium cost is $1,100 with Blue Shield of CA (family, HCOL area, ineligible for ACA, etc)
I am taking a salaried position with benefits which begins Feb 1. They say to expect that the insurance paperwork won’t come by then, but it will retroactively cover to Feb 1.
Should I:
A) pay my insurance in full Jan 31 when it’s due so I am guaranteed coverage with no shenanigans
B) not pay now, but expect to pay in full by end of February if the new insurance doesn’t come through (e.g. take advantage of monthlong grace period)
C) if new insurance covers come through, call to cancel, and do not pay the outstanding due premium
D) cancel February, trust new insurance will kick in
If C) will my unpaid bill of $1,100 go to collections? / Affect my credit score?
—> If it’s possible it would go to collections, could I pay $601 so the amount is $499? Reason would be (and this is a new question) — does the new guideline that medical bills under $500 can’t go to collections apply to health insurance premiums, or just direct medical costs?
Thanks for any insight/links/ experience with this with Blue Shield of CA!
I am taking a salaried position with benefits which begins Feb 1. They say to expect that the insurance paperwork won’t come by then, but it will retroactively cover to Feb 1.
Should I:
A) pay my insurance in full Jan 31 when it’s due so I am guaranteed coverage with no shenanigans
B) not pay now, but expect to pay in full by end of February if the new insurance doesn’t come through (e.g. take advantage of monthlong grace period)
C) if new insurance covers come through, call to cancel, and do not pay the outstanding due premium
D) cancel February, trust new insurance will kick in
If C) will my unpaid bill of $1,100 go to collections? / Affect my credit score?
—> If it’s possible it would go to collections, could I pay $601 so the amount is $499? Reason would be (and this is a new question) — does the new guideline that medical bills under $500 can’t go to collections apply to health insurance premiums, or just direct medical costs?
Thanks for any insight/links/ experience with this with Blue Shield of CA!