- If an insured recently enrolled and has had the policy for less than 12 months, then we will honor their quoted premium amount for a year. We will then apply the rate increase amount after they’ve had their policy for 12 months. (Example: Insured’s effective date is 5/1/2021, we would apply the rate increase on 5/1/2022)
- Any rates that are being quoted for effective dates prior to 7/1 will remain in-force for 12 months.
- If a member does any type of coverage maintenance throughout the year (off-cycle from paid to date), they will be moved to the new premium table effective the date of the change in coverage. (Example: Insured enrolled on 5/1/2021, their rate increase amount will not take place until 5/1/2021; but if they decrease their coverage on 11/1/2021, then their rate increase amount will occur on 11/1/2021.)