PREMIUM RATE CHANGES. There may be a rate increase when approved by the District of Columbia Department of Insurance, Securities and Banking, as provided by law. CareFirst BlueChoice will not increase the Subscriber’s Premium more frequently than once every Calendar Year. CareFirst BlueChoice will provide notice of the change to Premiums by giving the Subscriber at least sixty (60) days prior written notice. The Premium rate increase 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, ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇. CareFirst BlueChoice may increase the Subscriber’s Premium more frequently than once every twelve (12) months if the increase is due solely to the enrollment of a new Dependent.
Appears in 2 contracts
Sources: Individual Enrollment Agreement for a Qualified Health Plan, Individual Enrollment Agreement