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Maryland Code, Insurance § 15-1314

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

(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.

(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.

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Cite this article: FindLaw.com - Maryland Code, Insurance § 15-1314 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-15-1314/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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