Blue Cross Blue Shield of Massachusetts will begin assessing an interest charge on accounts with past-due balances. This change is consistent with current account agreement language for all fully insured and administrative service contract (ASC) accounts. The purpose of assessing interest is to encourage accounts to pay their invoices on time.

All accounts will receive a notice of this change along with their invoices.

What You Need to Know

• Accounts with past-due balances 10 days after the due date may be subject to an interest charge, effective March 1, 2010.
• Fully insured accounts can use our eBill tool to view their invoices or expedite their payments online.
• Although account agreements allow Blue Cross Blue Shield of Massachusetts to charge an interest rate of 1.5% per month, the interest rate charged beginning in March 2010 will be 0.75% per month.

If you have any questions or want to learn more about the eBill online billing tool, please contact your Blue Cross Blue Shield of Massachusetts account executive.