What is one of the consequences of not paying premiums on time?

The correct answer is that one of the consequences of not paying premiums on time is termination of the member. This reflects the importance of maintaining consistent premium payments in health insurance plans. When members fail to pay their premiums, it can lead to a lapse in coverage, resulting in the termination of their enrollment in the plan. Such a termination means that the member will not have access to the benefits provided by their health insurance plan, which can significantly impact their healthcare access and financial protection.

It is essential for members to adhere to premium payment deadlines to avoid this serious consequence. The potential for termination serves as a crucial reminder of the responsibility that comes with being insured, as timely payments ensure continued access to the services and care that the plan provides. This understanding helps members prioritize their health insurance obligations in order to maintain their coverage.