What happens once I reach my 500 submissions?

What happens once I reach my 500 submissions. Does jotform stop taking submissions? From the article above it only mentions the change in policy about forms. Can you clarify. 

I see that your account is already having 490 submissions with Free subscription plan. Once the account has received 500 free submissions, the oldest submissions received in your account will be deleted as you receive more submissions. If you want to store all the submissions in your account, you may consider upgrading your account to a paid plan. 

Hope this information helps!