Current through 2025-03, January 15, 2025
Section 031-942-2 - Uniform Age Curve1. All rates filed with the Superintendent on or after the effective date of this Rule for individual and small group health plans, as defined in 24-AM.R.S. §§2736-C(1)(C) and 2808-B(1)(G), shall use the age rating factors in the table attached as an appendix to this Rule.2. For each age, the table shows the ratio of the premium for a covered person at that age to the premium for a similarly situated covered person who is 21 years old. The applicable age factor as of the effective date of coverage shall continue to apply for the remainder of the plan year.3. If a covered family has more than three dependent children who are less than 21 years old, the ages of the three oldest shall be used when calculating the rate for the family, as well as the ages of all dependent children aged 21 or older.02-031 C.M.R. ch. 942, § 2