Electronic invoices are sent on the 5th of each month for the next month. For example, invoices sent on September 5 reflect October premiums.
Premium payments must be received by the 25th of the month in which the invoice was sent.
Grace Period and Termination
On the 2nd day of the month after a payment is not made, a late notice will be provided to the broker, if applicable.
On the 4th day of the month after the payment is not made, a notice will be provided to you saying the grace period will expire on the 25th of the month.
On the 26th of the month, if a second consecutive payment has not been made, a 30-day notice is sent to the employees indicating that coverage is terminating.
Employers will be liable for all unpaid premiums during the time coverage is effective. MNsure may recover unpaid balances by referring your balance to other agencies for recovery.
Where to Buy Small Group Insurance
Small business owners know that offering health insurance to their employees is a competitive advantage in the labor market: good benefits can help recruit and retain employees.
If you are a small business owner (1-50 employees), you can buy health insurance on the small employer market by going directly to an insurance company or seeking guidance and assistance from an insurance broker.