Question

Community rated health insurance policies? A. charge different premiums based on the health status of individuals...

Community rated health insurance policies?

A. charge different premiums based on the health status of individuals

B. charge uniform premiums to members of the same region

C. charge different premiums based on pre-existing conditions of individuals

D. are the same as experience-rated health insurance policies

Homework Answers

Answer #1
  • Option B is the answer.
  • Community rated health insurance policies charge uniform premiums to members of same region.
  • In community rating, premium for insurance are same for all regardless of the variations in their background, ability to pay, etc. In pure community rating, a person's gender, age,etc. are also not considered for determining the premium of insurance.
  • Experience rating is different from community rating. In this insurance premiums are adjusted according to the individual's pre existing conditions, age, gender, etc. F
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