Blue Cross Blue Shield of MA Drops Past Due Interest Rate for 2010
Posted by Andy Gregory on Wed, Jan 13, 2010 @ 02:12 PM
The current BCBSMA Premium Account Agreement requires that
all charges be paid by the due date indicated on the invoice. Amounts that are
past due are subject to an interest charge of 1.5% per month, as described in
the account agreement. Beginning in 2010, BCBSMA intends to assess a reduced
interest charge of .75% per month on amounts past due. To assist accounts
in making prompt payments, they offer an electronic billing option. Interested plan sponsors should contact their Blue Cross and Blue Shield of
Massachusetts Billing Representative to help set up e-Billing, or the billing
hotline at (617) 246-5841 with other billing-related questions.