[Code of Federal Regulations]

[Title 42, Volume 2]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 42CFR408.68]



[Page 282]

 

                         TITLE 42--PUBLIC HEALTH

 

                    CHAPTER IV--CENTERS FOR MEDICARE

                          & MEDICAID SERVICES,

                        DEPARTMENT OF HEALTH AND

                             HUMAN SERVICES

 

PART 408_PREMIUMS FOR SUPPLEMENTARY MEDICAL INSURANCE--Table of Contents

 

             Subpart D_Direct Remittance: Individual Payment

 

Sec. 408.68  When premiums are considered paid.



    (a) Payment by check. The premium is considered paid if the check is 

paid by the bank the first or second time it is presented for payment.

    (b) Payment within the grace period. (1) A premium is considered 

paid within the grace period if it is delivered personally, or mailed on 

or before the last day of that period.

    (2) A premium payment is considered to have been mailed 7 days 

before it is received by CMS.