If your payment is not received by the due date, your earned coverage will be terminated and you will not be eligible for coverage until your next benefit period, provided you re-qualify and meet the minimum earnings requirement. You cannot enroll in the COBRA Program.
The Plan allows one late payment waiver per Benefit Period with a maximum of two late payment waivers per lifetime for earned eligibility. If your coverage is terminated because your payment was not received by the due date you can reinstate your coverage by using a late payment waiver. Senior performers and dependents covered under the surviving dependent benefit are eligible for one late payment waiver per benefit period. Participants may use a late payment waiver up to the last day of the quarter for which a payment is due.