Question
If your company has an experience-rated health insurance plan, it means that: Health insurance rates are based on the age of each member. The anticipated
If your company has an ""experience-rated"" health insurance plan, it means that:
Health insurance rates are based on the age of each member.
The anticipated future expenses are the basis for rate adjustments.
The surplus premium not paid out in claims from last year is deducted from the next year's premium.
The actual previous claims experience is the basis for determining the next year's premium rates.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
