What will be the rating tiers? Single, 2 person, family, etc.
For rating in the small group market, federal regulation 45 CFR 147.102(c)(3) requires issuers in the small group market to calculate rates for employee and dependent coverage on a per-member basis, and calculate the group premium by totaling the premiums attributable to each covered individual. For families, the premium is calculated as the sum of each adult's premium, plus the premiums for the three oldest children under age 21. Traditional rating tiers are no longer permitted.