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Pension and Health Benefits Committee Agenda Item 5 May 17, 2016, Item Name: Preliminary 2017 Health Plan Rates Program: Health Benefits Item Type: Information Executive Summary Preliminary unadjusted
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What is preliminary health plan rates?
Preliminary health plan rates are the proposed rates that health insurance companies submit to regulatory bodies for approval before finalizing the rates for the upcoming plan year.
Who is required to file preliminary health plan rates?
Health insurance companies are required to file preliminary health plan rates with regulatory bodies for approval.
How to fill out preliminary health plan rates?
Health insurance companies must provide detailed information about their proposed rates, including data on claims experience, projected costs, and any proposed changes in coverage or benefits.
What is the purpose of preliminary health plan rates?
The purpose of preliminary health plan rates is to ensure that insurance companies are proposing reasonable and adequate rates for the upcoming plan year.
What information must be reported on preliminary health plan rates?
Health insurance companies must report data on claims experience, projected costs, changes in coverage or benefits, and any other relevant information that may impact the proposed rates.
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