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Can group health insurance raise premiums due to a catastrophic health claim?
Wiki User
∙ 15y ago
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Answer
In many states, yes. In my state it was allowed until Jan. 2009 in groups under 50. Now the insurance companies just jack the rates for everyone. Technically, the insurance company was allowed to use a "risk adjustment factor" (RAF). Most small groups got a discount of up to 25% (RAF of .75) off the standard rates. If at renewal there was a catastrophic claim they would lose that discount. Now, no group gets a discount off the standard rates.
Don
http://mtnhealthinsurance.com
Wiki User
∙ 15y ago
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What does dropping your claim mean when taking about health insurance?
Printing the claim to paper
Do car insurance premiums increase after a comprehensive claim for a windshield?
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Where does insurance claims money come from?
When you get insurance on a car, a house, a boat, you pay the insurance company money, known as premiums. The insurance company invests that money. When there is a claim, some of the premium, along with some of the interest from the invested money, is used to pay the claim.
Will secondary insurance pay claim if primary insurance is provided by the same insurance company?
yes, they will treat it as if the primary was a different company. You pay two premiums. If they do not, contact the DOI.
How does someone file a health insurance claim?
You need to ask your doctor for an itemized bill, then contact your insurance company and ask for a health insurance claim. Fill in your form and ( make sure you make copies as proof to avoid errors ) review it then and then send it to get your health insurance claim.
Which insurance claim form is called the universal health claim form?
CMS-1500
