MENU
Premiums for Medicare supplement plans may be determined by all of the following methods EXCEPT:
Suggested Answer: D
Get Premium Virginia Life, Annuities, and Health Insurance Examination Series 1101 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
Premiums for Medicare supplement plans are typically determined using the attained age rating, community rating, or issue age rating methods. Attained age rating adjusts premiums based on the insured's current age, community rating charges all policyholders the same premium, regardless of age, and issue age rating bases premiums on the age at which the policyholder first purchases the policy. Experience rating, however, is not used for Medicare supplement plans, as it is more commonly applied to group insurance policies based on the claims history of a group.
21 comments · newest first
PU
Pura
1 month ago
I just hope I remember this for the exam!
FE
Felicitas
1 month ago
Community rating seems fair too.
SI
Simona
1 month ago
No, A is common. It's definitely D.
RA
Raymon
2 months ago
I feel unsure about this. Maybe A) Attained age rating?
SO
Sonia
2 months ago
Yeah, I agree! That one doesn't fit.
LU
Luis
2 months ago
I think it's D) Experience rating.
AL
Alita
2 months ago
I remember learning about issue age rating too.
CA
Carolann
2 months ago
Attained age rating is definitely a method.
QU
Quentin
2 months ago
Community rating seems more common.
RO
Rozella
3 months ago
I feel unsure about this one.
KY
Kyoko
3 months ago
Yeah, I agree! Experience rating doesn't fit.
FE
Felicitas
3 months ago
I think it's D) Experience rating.
IS
Isabelle
3 months ago
I didn't know there were so many ways to rate premiums!
SI
Silva
3 months ago
Community rating is pretty common too, right?
AM
Amber
4 months ago
Wait, are you sure about that? I thought all four were used.
AL
Alesia
5 months ago
Totally agree, it's not a method for Medicare supplements!
SH
Shenika
5 months ago
I think experience rating is the odd one out.
WA
Walton
6 months ago
I’m a bit confused about attained age rating and issue age rating. I feel like both could be correct, but I’m leaning towards experience rating as the answer.
NO
Noble
6 months ago
I practiced a question similar to this, and I think community rating is definitely a method used for Medicare supplements.
TE
Tegan
6 months ago
I think experience rating is the odd one out here. It seems more related to other types of insurance rather than Medicare supplements.
AL
Alesia
6 months ago
I remember studying the different rating methods, but I'm not entirely sure which one doesn't apply to Medicare supplements.