Monthly Premium Payment. The amount of your initial monthly Premium is indicated on the front cover of this Contract. a. Your Premium will automatically change if you change contractual underwriting requirements, such as moving to a different geographic area, or if the number of individuals covered under this Contract changes. We will not change your Premium because of Claims filed or due to a change in your health since becoming a Member. Renewal Premiums may be based on your original Premium, age, area of residence, tobacco use, and the type of health benefit plan you select. Your Premium may increase each year on the Contract renewal date due to the increase in any Member’s age. We will notify you 30 days in advance of any change in your Premium. b. If we accept the Premium for a Covered Dependent for a period of time beyond the date, age, or event specified for termination of the Covered Dependent’s coverage, that coverage will continue during the Grace Period for which an identifiable Premium was accepted, unless we accepted the Premium because of a misstatement of age, tobacco use or residence.
Appears in 10 contracts
Samples: Medical and Hospital Service Contract, Medical and Hospital Service Contract, Medical and Hospital Service Contract
