Common use of Premium Adjustments Clause in Contracts

Premium Adjustments. All Premium adjustments for Members enrolling or terminating during a coverage month will be calculated on a pro-rated basis. Calculated Premium adjustments will be applied to the next month’s Premium charges as follows: A. New enrollment may result in additional Premium charges depending upon the Subscriber’s current coverage. B. Terminations may result in a credit toward the Premium charges due. If termination due to death of a Member resulted in an overpayment of Premiums on the Subscriber’s part, CareFirst BlueChoice will retroactively adjust the Premium payments but for no more than sixty (60) days retroactively from the date CareFirst BlueChoice or the Exchange received the notice of the change.

Appears in 11 contracts

Samples: Individual Enrollment Agreement, Individual Enrollment Agreement, Individual Enrollment Agreement

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