Compared to the rates offered to Members of the December 2020 Group upon renewing their covers a little over a month ago, the Rate Table for the March 2021 Group, given at the link below, incorporates significantly lower premiums to be paid depending on the package of benefits chosen. There is a 10% loading incorporated into it, nevertheless. This loading arises from a 91% loss ratio which the insurer has calculated for the March Group's actual utilization of the benefits offered in the year ending on March 17th, 2021. The loading for the December Group was 35%, as you will recall. Evidently, certain benefits accrue to the prudential utilization of the benefits which individual Group Members choose and pay for. The dictum of "All For One, and One for All" certainly resonates here.
READ: UAP Rate Table for the March 2021 Group
Everyone is urged to choose their benefits and pay for them as soon as they can. The renewal date is March 18th, 2021. This means that those who wish to renew their covers "on the dot" should pay their full premiums by March 11th to allow for all the paperwork and remittances to be completed ahead of time. It all depends on you, then. Those who cannot complete payment by then will have up to April 10th to do so, ahead on the one-month renewal window which closes on April 17th. Those who don't beat that April deadline will have to wait for the June 2021 Group.
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