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Got my renewals from Cigna. They are the last company to pay a renewal this year. I didn’t save any lives though.
You must not deal with Blue Cross, thankfully for you. Their payment motto must be “Eh, we’ll get it to you when we feel like it.” They’re one of the only carriers I know that still pays monthly (not weekly or biweekly), and you don’t get MAPD renewals until the end of February.
I have a handful of MAPD clients with Anthem Blue Cross. They pay the first week of February on renewals.
Quite honestly, I don’t mind carriers paying once per month. Makes it easier to reconcile at the end of the year. At least for me it does. New Era/Philadelphia American pays twice per week on Med Supp commissions. It’s a real PITA trying to find missed transactions when trying to reconcile the 1099 with Quickbooks.
Got a cal from the local cigna rep
“Oh we accidentally paid you an extra $1500 from lapses and deaths”
“Umm sounds like your error not mine”
::click::
Got a cal from the local cigna rep
“Oh we accidentally paid you an extra $1500 from lapses and deaths”
“Umm sounds like your error not mine”
::click::