A feature of an insurance plan that means that all policy holders will pay the same premium, regardless of the individual's history or existing medical conditions. Most insurance companies have stopped using this in favor of the experience rating. With the community rating, there is a fear that only the most unhealthy or risky individuals will sign up with that company (because their premium would have been much higher on a experience rating plan), therefore costing the company a great deal of money.
Related information about community rating:
- Community rating - Wikipedia, the free encyclopedia
Community rating is a concept usually associated with health insurance, which requires health insurance providers to offer health insurance policies within a ...
- Is 'Community Rating' in Health Insurance Fair? - NYTimes.com
Jan 1, 2010 ... Exploring the concept of what is fair when it comes to health insurance premiums.
- Community Rating - Health Insurance at About.com
Jul 31, 2008 ... Find out what community rating is and how it can affect your health insurance premium. Learn about health insurance premium rating.
- Community Rating System | FEMA.gov
Aug 30, 2012 ... The National Flood Insurance Program's (NFIP) Community Rating System (CRS ) is a voluntary incentive program that recognizes and ...
- Community Rating - Glossary | HealthCare.gov
Community Rating: A rule that prevents health insurers from varying premiums within a geographic area based on age, gender, health status or other factors.
- Topics : Community Rating - Reason.com
Mar 29, 2012 ... Data suggest community rating is popular when considered in isolation of costs; support declines when increased wait times to see a physician, ...
- Rate Regulation 4.3 Adjusted Community Rating
Adjusted community rating likewise prohibits insurers from varying premiums in a community based on health status or claims history, but it does allow insurers ...
- AHIP: States' Guaranteed Issue and Community Rating Reforms ...
Mar 27, 2012 ... WASHINGTON, DC — States that enacted guaranteed issue and community rating reforms in the absence of an individual mandate saw their ...