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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

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ValueMed insurance start date

originally posted: 11/22/2006  reposted: 8/8/2011

Q: If I submit an application for ValueMed insurance by fax on the 21st or 22nd of June, when would the policy go into effect?

A: Normally this type of insurance would be effective on the 1st day of August. The usual cutoff date is the 20th for an effective date of the following 1st of the month. Other types of insurance, most notably short term medical insurance, can be started within one day.

Value Med insurance always starts on the first day of the month.

More resources:

Value Med Insurance