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August 06, 2002 at 08:00 PM
NU Online News Service, Aug. 6, 2:15 p.m. – American Medical Security Group Inc., GreenBay, Wis., says it will switch to a block rating system Jan. 1, 2003, for all of its MedOne individual and family health insurance policies.
The switch means that American Medical will base rates mostly on the health status of entire blocks of insureds, rather than using a “tier rating” system that offers lower rates to insureds in good health and higher rates to insureds in poor health.
American Medical has already been using a block rating system in 10 states. The switch will affect American Medical policies in 20 other states, the company said.
