August 17. 2020

 

Pharmacists Mutual is always with you – especially during your time of need. We are providing premium deferral to members impacted by the COVID-19 pandemic.

Payment requirements on policies written with other insurance companies through our agency, PMC Advantage Insurance Services, Inc., will be determined by those companies.

For payments due on Pharmacists Mutual Insurance Company, Chiron Insurance Company, and Rx Life policies (administered by Pharmacists Mutual), please continue to your particular state below:

 

For members with insurance policies issued in Arkansas

What does this mean for you?
If you are a member in Arkansas, we will comply with Executive Order 20-45. This means that if you have been diagnosed with COVID-19, or have experienced an employment disruption as a result of COVID-19, we will suspend non-pay cancellations until October 16, 2020. You are still obligated to pay the full premium owed, but this obligation is delayed until October 16, 2020. You must contact us and provide evidence of your COVID-19 diagnosis to receive this consideration.

Who qualifies?

All members in Arkansas with a COVID-19 diagnosis may receive this consideration. You must contact us and provide evidence of your diagnosis or employment disruption.

 

For members with insurance policies issued in Delaware

What does this mean for you?
If you are a member in Delaware, we will comply with Bulletin 116. This means we will suspend non-pay cancellations from March 13, 2020 through July 1, 2020. You are still obligated to pay the full premium owed. If you receive a notice of cancellation or non-renewal and cannot pay due to economic hardship caused by COVID-19, we will offer a 90-day payment plan with up to three equal installments.

Who qualifies?

All members in Delaware who receive a cancellation or non-renewal notice subsequent to July 1. You must contact us within two weeks of receiving the notice and provide proof of economic hardship due to COVID-19.

 

For members with insurance policies issued in the District of Columbia

What does this mean for you?
If you are a member in the District of Columbia, we will comply with Commissioner's Order 03-2020. This means we will suspend non-pay cancellations from April 27, 2020 until one month after the end of the Public Health Emergency. You are still obligated to pay the full premium owed, but this obligation is delayed.

Who qualifies?

All members in District of Columbia will receive this consideration. We will resume billing one month after the end of the Public Health Emergency. If you need further accommodation after we resume billing, please contact us by phone at 515-295-2461, email at accounting@phmic.comcreate new email, or mail at PO Box 370, Algona, IA 50511.

 

For members with insurance policies issued in New Jersey

What does this mean for you?
If you are a member in New Jersey and are experiencing a financial hardship due to COVID-19, we will provide a 90 day grace period to pay insurance premiums and your policies will not be cancelled for non-payment of premium during this time. You are still obligated to pay the full premium owed, but this obligation is delayed. You must contact us to receive this consideration.

Who qualifies?

All members in New Jersey who contact us and request it will receive this consideration.

 

For members with insurance policies issued in West Virginia

What does this mean for you?
If you are a member in West Virginia, we will comply with Emergency Order 20-07. This means we will provide a grace period for non-payment of premium if the reason for non-payment is a result of circumstances stemming from the COVID-19 pandemic. You are still obligated to pay the full premium owed, but this obligation is delayed until this order expires. You must contact us to receive this consideration.

Who qualifies?

All members in West Virginia who contact us, request this consideration, and are affected by COVID-19 will receive it. You must contact us.

 

For members with insurance policies issued in other jurisdictions

What does this mean for you?
Upon request, payments due on Pharmacists Mutual Insurance Company, Chiron Insurance Company, and Rx Life policies (administered by Pharmacists Mutual) may be deferred to provide extra time to work through this crisis. If you take advantage of this grace period, your policy will remain in place without coverage disruption or cancellation. You are still obligated to pay the full premium owed, but this obligation may be delayed.

If you are set up for automatic Electronic Fund Transfer (EFT) or PhMIC scheduled payments through our online payment system, those payments will continue to be processed as arranged. However, upon request, we will not assess fees if your account has insufficient funds during the deferral period. If you would like to have your automatic payment temporarily suspended, please call 800.247.5930 ext. 4120.

Who qualifies?

All members who do NOT have a late or reinstatement fee on their account qualify for this deferral.

 

If you qualify and would like to request premium deferral, please call our member services team at 800.247.5930

Our thoughts are with you and your family. We hope we can provide some much-needed relief during this challenging time. Thank you for trusting us with your important insurance coverage needs.