Multiple of Parent Rate and 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 rate calculation details when you use the Multiple of Parent Rate and Coverage calculation method.
Inputs to Calculation |
Calculated Rate |
Calculation Details |
---|---|---|
Multiplier: 1 Coverage Operator: Per ten thousand Coverage Amount: 200,000 Parent Rate Operator: Multiply by Parent Rate: 2.5 (value derived from selected Parent Rate Name) |
50 |
[(1 * 2.5) / 10,000] * 200,000 |