If I apply for an insurance plan, am I obligated to buy?

No. You are under no obligation to buy a health insurance plan. When you submit an application, you will typically include your credit card number, bank account information, or a check for the initial premium payment. Most insurance companies will not charge your card, debit your account, or deposit your check until you are approved. If you are charged or your check is cashed and you are denied for coverage or cancel your application prior to approval, the insurance company will issue a refund to you.

A few insurance companies may charge an application fee. You will be notified in the application process if the plan you choose requires an application fee. Please note that these fees are non-refundable.

When I buy an insurance plan, how do I make payments?

The carriers accept credit card and check by phone (automatic checking payment) in order to start your health insurance coverage. You can change this method of payment by contacting your carrier after you are approved for coverage. In most cases, when you complete your application you’ll provide a credit card number or a check written to the health insurance company for the first months premium payment. Typically, your credit card will not be charged nor will your check be cashed until you are approved for coverage. If you are not approved for coverage, or if you cancel your application, your card will not be charged and any check payment you made will be returned or refunded.

Once you’ve been approved for coverage, your ongoing premium payments are paid to your health insurance company typically on a monthly or quarterly basis. Insurance companies typically offer several payment options including monthly billings to be paid by check or credit card, automatic bank drafts or automated credit card charges.