Virtual Bill Accounts remain open until the Amount Approved for Sharing has been fully collected and transferred to your Medical Provider on your behalf as payment for your bill. While Virtual Bill Accounts are aggregated in the transactional view of your Share Account, these funds are restricted and cannot be withdrawn from your Share Account. Shared funds are restricted and may NOT be withdrawn to ensure the payment of all bills shared by the Membership. Once all the allocated funds have been transferred from the Members who were matched to pay your medical bill, those funds are released for payment to your Medical Provider. The transfer of funds out of your Virtual Bill Account will be displayed as a single line item transaction in your Share Account.
Articles in this section
- What is the Virtual Share Exchange?
- What is a Share Account?
- What is a Monthly Share Notice?
- How is my account managed?
- How does Publishing & Sharing work?
- What Are Virtual Bill Accounts?
- How do Provider Payments work?
- What are Distributed Share Balances?
- What is the Account Fee on my Share Notice?
- Why is my driver's license number being requested to create my Sharing Account?