PREMIUM RATE CHANGES. There may be a Premium rate change when approved by the Maryland Insurance Administration, as provided by law. CareFirst BlueChoice will not increase the Member’s Premium rate more frequently than once every Calendar Year. CareFirst BlueChoice will provide notice of an approved Premium rate change by giving the Subscriber or Application Filer at least forty-five (45) days prior written notice. Any change in Premium rates, including changes in a Member’s Premium rate due to a change in a Member’s age, will be effective on January 1st of each year this Agreement renews. Any Premium rate increase justification will be submitted by CareFirst BlueChoice to the Exchange prior to the date of implementation of the increase in accordance with the standards stated 45 CFR §155.1020, as amended. CareFirst BlueChoice will also post notice of the Premium increase and justification for such on the CareFirst BlueChoice website, ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇. SAMPLE CareFirst BlueChoice may change the Premium during a Calendar Year if the change is due solely to the enrollment or termination of a Dependent.
Appears in 2 contracts
Sources: Individual Enrollment Agreement for a Qualified Health Plan, Individual Enrollment Agreement for a Qualified Health Plan
PREMIUM RATE CHANGES. There may be a Premium rate change when approved by the Maryland Insurance Administration, as provided by law. CareFirst BlueChoice will not increase the Member’s Premium rate more frequently than once every Calendar Year. CareFirst BlueChoice will provide notice of an approved Premium rate change by giving the Subscriber or Application Filer at least forty-five (45) days prior written notice. Any change in Premium rates, including changes in a Member’s Premium rate due to a change in a Member’s age, will be effective on January 1st of each year this Agreement renews. Any Premium rate increase justification will be submitted by CareFirst BlueChoice to the Exchange prior to the date of implementation of the increase in accordance with the standards stated 45 CFR §155.1020, as amended. CareFirst BlueChoice will also post notice of the Premium increase and justification for such on the CareFirst BlueChoice website, ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇. SAMPLE CareFirst BlueChoice may change the Premium during a Calendar Year if the change is due solely to the enrollment or termination of a Dependent.
Appears in 1 contract
Sources: Individual Enrollment Agreement for a Qualified Health Plan