TN 22 (11-01)
HI 01001.285 Premium Payment by Check
The postmark date on the remittance payment transaction is the date used to determine the date the premium is paid until it is determined that the check/remittance will not be honored.
A check that "bounces" is not redeposited to the beneficiary's account but is returned to the enrollee. The enrollee is then required to submit another check for payment of the premiums due. If the grace period has elapsed before a check is submitted for payment, the beneficiary will be terminated and a notice of termination will be sent.
A bounced check will be shown on the HIQR screen as a RTDCK transaction.