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In 1982, Blue Shield merged with The Blue Cross Association to form the Blue Cross and Blue Shield Association (BCBS). [11] Prior to 1986, organizations administering BCBS were tax exempt under 501(c)(4) as social welfare plans. The Tax Reform Act of 1986 revoked the exemption, however, because the plans sold commercial-type insurance.
Sign a cancellation letter, if required. Not all insurers ask for this step, but if it is required, it will likely contain information about your policy and the amount of time left on it. Request ...
The policy term is the period that an insurance policy provides coverage. Many policies have a one-year term (365 days) but other terms both longer and shorter are used. Policy terms can be for any length of time and can be for a short period when the period of risk is also short or can be for multi-year periods.
In most states, your insurance company must provide a written 30-day notice of the cancellation and reason before canceling the policy, giving you time to contest or find a new insurance company.
Blue Cross Blue Shield of Massachusetts (BCBSMA) is a state licensed nonprofit private health insurance company under the Blue Cross Blue Shield Association with headquarters in Boston. The Boston location located on 101 Huntington ave is currently under study as a pending Boston Landmark by the Boston Landmarks Commission .
If you decide to cancel your term life insurance, the process is usually pretty simple. One of the most effective ways to cancel is by stopping your premium payments. Simply stop sending in the ...
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