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§ 15-1314. Restrictions relating to increase of individual’s premium

West's Annotated Code of MarylandInsuranceEffective: October 1, 2010

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 15. Health Insurance
Subtitle 13. Maryland Health Insurance Portability and Accountability Act--Individual Market Reforms (Refs & Annos)
Effective: October 1, 2010
MD Code, Insurance, § 15-1314
§ 15-1314. Restrictions relating to increase of individual’s premium
Currentness
Restrictions relating to frequency of increases
(a) Except as provided in subsection (c) of this section, a carrier may not increase an individual's premium on an individual health benefit plan more frequently than once every 12 months.
Increases due to move into higher age band
(b) An increase in an individual's premium described in subsection (a) of this section includes an increase due to the individual moving into a higher age band.
Increases due to enrollment of new family member
(c) A carrier may increase an individual's premium on an individual health benefit plan more frequently than once every 12 months if the premium increase is due solely to the enrollment of a new family member to the individual health benefit plan of the individual.

Credits

Added by Acts 2010, c. 703, § 1, eff. Oct. 1, 2010.
MD Code, Insurance, § 15-1314, MD INSURANCE § 15-1314
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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