How do you submit apps with no money down? I seen that advertised on Johns door hangers and also on some local health insurance agents ads. I was always under the assumption that the first months premium had to be submitted with all health insurance applications?
Health Insurance Apps with "no money down"?
- Thread starter Golddoor
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- health insurance
- 10,275
Each company is different. Blue Cross (in Ohio and In) does not require any type of advanced payment.
Assurant offers a COD option here in MD. I am not sure if that is across the board.
- 14,808
Assurant has quarterly which is no money down, same as Blue Cross here which will bill you after you're approved. Submitting apps with no billing info at all is important to some people.
Also, Aetna, Assurant, Blue Cross, and Kaiser won't debit your account even if you provide billing information until the policy is approved. That's no money down. Just in case an adverse underwriting decision comes out the client doesn't want to accept they don't have to wait for a refund.
Golden Rule is the only carrier in my state that requires money down. Oh...and Mega.
Also, Aetna, Assurant, Blue Cross, and Kaiser won't debit your account even if you provide billing information until the policy is approved. That's no money down. Just in case an adverse underwriting decision comes out the client doesn't want to accept they don't have to wait for a refund.
Golden Rule is the only carrier in my state that requires money down. Oh...and Mega.
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- #5
- 14,808
You can do an online app with GR and it's still money down. To me, money down is when money is taken before underwriting is finished.
- Thread starter
- #7
Online apps? Even with Unicare? When I tried to submit an online app with Unicare it rejected it and wouldnt send it?
- 14,808
.....and Mega.
- Thread starter
- #10
Thats just plain stupid. I glad I dont write for GR!
