What should you inform Mr. Weitz about premium payment for his MA-PD plan?

Informing Mr. Weitz about premium payment for his MA-PD plan involves understanding the implications of non-payment and the options available to plan sponsors. The correct choice indicates that plan sponsors indeed have options regarding handling non-payment of premiums. This means that if Mr. Weitz experiences difficulty in making timely payments, the plan sponsor can take various actions, which typically include grace periods, late fees, or providing information on reinstatement.

This knowledge is crucial for Mr. Weitz as it outlines that he might not be automatically disenrolled immediately upon a missed payment, thus offering him a degree of flexibility and an opportunity to rectify the situation.

The other choices misrepresent the situation: disenrollment is not automatic, late payments generally come with penalties, and coverage cannot be retained indefinitely without maintaining current premium payments. Understanding these nuances helps clarify the policies and support Mr. Weitz in managing his coverage effectively.