20:06:13:18.  Premium adjustments to match Medicare benefit adjustments. Premiums may be adjusted to correspond to changes in Medicare deductible and copayment percentage factors. Before a rate adjustment can be implemented, the rate adjustment must have prior approval from the division. Approval will be based on the percentage of increase requested, prior experience, and an explanation of how the percentage of increase was derived.

          Source: 8 SDR 174, effective July 1, 1982; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

          General Authority: SDCL 58-17A-2, 58-17A-5.

          Law Implemented: SDCL 58-17A-2, 58-17A-5.