Multiple of Coverage Calculation Method Example

The calculation method and other settings defined for a rate determine how and when the rate is calculated. For example, the rate might be calculated prior to enrollment, upon enrollment, or after enrollment has been completed.

Scenario

The example in this topic shows the calculation details when you use the Multiple of Coverage calculation method.

Inputs to Calculation

Calculated Rate

Calculation Details

Coverage Amount: 200,000

Multiplier: 1

Operator: Per ten thousand

20

(1/10,000) * 200,000