Thursday, March 18, 2010
Check Check Checking
A recent national study told of the decline in the use of personal checks, going so far as to predict that paper checks as we know them may disappear completely within the next 10 years. Even with this prediction, we at ABE happily accept checks as a payment option. So when a member called recently to ask why we cannot accept checks for monthly premiums, he was surprised at our answer. One of our goals is for your insurance to stay in force and, if our busy members forget to write that monthly check, their insurance will lapse. If your coverage does lapse, it might be reinstated if you act quickly and your health has not changed, but you take a risk. What if you let coverage lapse and something unexpected happens? Signing up for our Automatic Payment Plan allows your payments to be automatically debited from your checking account each month and is an easy way to save a little bit of time and postage while ensuring there is no lapse in coverage due to non-payment.