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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 15. HEALTH INSURANCE |
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SUBTITLE 13. MARYLAND HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT -- INDIVIDUAL MARKET REFORMS |
§ 15-1314. Increasing individual premiums on health benefit plans
Latest version.
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(a) Prohibition. -- 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.
(b) Increase due to moving into higher age band. -- 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.
(c) Exception. -- 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.