10 U.S.C. § 12526 — Premiums

(a) Establishment of Rates. (1) The Secretary, working with the Board of Actuaries, sets the premium rates for this insurance program. (2) The Secretary must set a fixed premium for each $1,000 of monthly benefit — the same rate for every Ready Reserve member insured at that benefit level, matching the actual cost of insuring them, based on the best available estimates of risk, financial exposure, how many members sign up, and other relevant factors. (b) Level Premiums. Once a member's premium rate is set in their first year of coverage, it does not change in later years — except that the Secretary, after consulting the Board of Actuaries, may raise the rate to pay for an inflation-based increase in benefits.