Thanks Steve.
I wonder what will happen to those policies that have not made the initial payment by the end of December.
A grace period? Wait until the next open enrollment period?
What a screwed-up system...
As the law stands now the policy must be cancelled (just like any health insurance policy) if payment has not been made by initiation date. This would require re-enrollment from scratch.
But the administration is already talking about bailing out the insurance companies for the first few months of unpaid premiums so who knows.