Regulation .03 Qualified Health Plan Certification — In General.
Regulation .03 Qualified Health Plan Certification — In General.LinkCopy Citation
A.
An authorized carrier shall apply for a certificate of authorization for each health benefit plan the carrier intends to offer on the Exchange.
B.
The authorized carrier shall no longer offer a QHP on the Exchange, if:
(1)
The plan’s certification of authorization expires;
(2)
The plan is decertified by the Exchange;
(3)
The carrier elects to withdraw from the market with the Exchange, under 45 CFR §156.290; or
(4)
The carrier elects not to offer or renew the QHP on the Exchange in accordance with Insurance Article, Annotated Code of Maryland.
C.
With respect to per-member premium rating for family coverage offered through a QHP on the Exchange, a carrier shall cap the premium rating for non-spousal dependents at three non-spousal dependents under the age of 21 for all plans authorized for sale under this chapter.