Community rating definition

Community rating or "community rated" means a rating

Community rating means a rating system in which the

Community rating or "community rated" means a rating methodology in which the premium charged by a carrier for all persons covered by a policy or contract form is the same based upon the experience of the entire pool of risks covered by that policy or contract form without regard to age, gender, health status, residence or occupation.

Examples of Community rating in a sentence

• Community rating, in effect, bars insurance companies from charging higher premiums to those with preexisting conditions.But these two provisions, Congress comprehended, could not work effectively unless individuals were given a pow- erful incentive to obtain insurance.

• Community rating also protects the relative level of premiums, not the absolute level.

• Due to these efforts the City is ranked highly in the NFIP Community rating system which entitles residents to purchase NFIP insurance and receive a 15% reduction in flood insurance rates.

• Community rating, in effect, bars insurance companies from charging higher premiums to those with preexisting conditions.But these two provisions, Congress comprehended, could not work effectively unless individuals were given a pow­ erful incentive to obtain insurance.

• Community rating ensures that older Australians and other high risk groups do not have to pay more for their private health insurance premiums.

More Definitions of Community rating

Community rating means a premium structure under which premium rates are the same for all covered individuals of all ages in a given area.

Community rating means a rating system in which the premium for all persons covered by a contract is the same, based on the experience of all persons covered by that contract, without regard to age, sex, health status, occupation and geographical location.

Community rating means measures which, whether in whole or in part, apply towards the achievement of the principal objectiveF9[...];]

Community rating means a general method of establishing premiums for financing health care in which

Community rating means that the insurance company must charge the same rate for a given level of service, regardless of age, sex or health status.

Community rating means a general method of establishing premiums for financing health care in which an individual's rate is based on the actual or anticipated average cost of health services used by all HMO members in a specified service area.

Community rating means a rating [methodology] system in which