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By Ryan Kennelly

March 2, 2021

Topics:

  • Employer Coverage
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What is the Difference Between Composite Rates vs Age-Rated Rates?

March 2, 2021

  • Employer Coverage

Insurance companies have two methods for determining premiums: Age-rated rating and composite rating.

In Age-rated rating, premiums are based on each member’s individual risk level that include factors such as age and zip code.

Composite rating allows insurance companies to assign rates based on the overall risk profile of a whole company.

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See also How are Composite Rates Calculated?

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