Benefit Strategies That Work
Due Date: 3/1
Process: Bills are considered past due if not received by the first and can terminate 31 days later. If they are notified, Lincoln can hold the account from terminating.
Late Notice: Mailed around the 20th each month
If Group Termed: If the group has termed, the group must complete a request to reinstate and pay a $100 reinstatement fee for Lincoln to consider reinstatement. Lincoln only allows 2 terminations within 24 months. At that time Lincoln would request a letter and the premium would need to be set up on ACH.