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Experience is an important factor in determining
Cost-Efficient
Economically advantageous, achieving the best possible outcome or value with the least waste of resources or effort.
Community Rating
A pricing strategy where health insurance premiums are not based on an individual’s health status or age but are the same for all members of a community.
Average Risk
The standard level of chance or probability that an individual will encounter a specific event or condition, used as a baseline in risk assessments.
Individual Premiums
Payments made periodically to an insurance company by individuals to maintain their policy and coverage.
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