Common use of PREMIUM RATE CHANGES Clause in Contracts

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 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. 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.

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 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. SAMPLE 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.