How much advance notice is required before a premium increase is announced to members?

• A. 15 days
• B. 60 days
• C. 45 days prior to increase
• D. 90 days prior to increase

Answer: (C)

Advance notice of premium changes gives members time to understand the impact and plan their next steps. In North Carolina, the standard window is 45 days before a premium increase is announced to members. This period provides enough time for members to review the change in their materials, discuss options with employers or plan sponsors, and consider alternatives or budgeting adjustments before the new rate takes effect. Shorter notice, like 15 days, is typically too brief for review, while longer notice such as 60 or 90 days goes beyond the standard requirement in this context.