A single dollar amount which covers a package of dialysis related treatments and services.
One rate for all members of the group regardless of their status as single or members of a family.
A single rate with a single basis of premium, e.g., payroll or sales. For this single rate the insured is covered for a variety of hazards, such as Premises and Operations, Completed Operations, Products Liability, and Automobile. Its primary value is to make it simpler for the policy's premium to be computed.
A group premium or contribution rate that does not differentiate between single and family coverage.
A group premium rate that does not differentiate between age, gender, geographical location, and other demographics.
A fixed interest rate which is calculated when a borrower wishes to adjust the terms applied to an existing fixed rate loan. The composite fixed interest rate ensures that the present value of the mortgage remains the same before and after the alterations.
A single rate for all members belonging to a certain group that does not take into account their status as members of a family or a single person.
A composite rate is a unique component of claims-made insurance coverage. Composite rates are used by actuaries to calculate premiums in specific cases in which the future claims risk has been significantly reduced or increased. One example of applying a composite rate is that of a doctor who changes his or her practice from full-time to part-time status. This composite rate is based on both the length of time that the physician practiced full time and the length of time spent in part-time practice. In claims-made coverage, composite rating is necessary to ensure that sufficient premiums are reserved for the higher full-time (past) exposure as well as for the part-time exposure (current). The composite rate will continue for five years, with a gradually larger discount each year. Composite rates are also applicable in cases of change of specialty and practice location.
A uniform premium applicable to all those eligible in a subscriber group, regardless of the number of claimed dependents. This is common among plans purchased by large employer groups.