Age Rating

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Health Insurance

Varying premiums based on age. The ACA will cap the maximum variation for age at 3:1. Minnesota law already limits maximum variation for age to a 3:1 ratio (Minn. Stat. 62A.65 Subd. 3 for individual policies and 62L.08 Subd. 3 for small group policies).

Minnesota Department of Commerce, Insurance — Glossary of Health Insurance Terms retrieved 2014-05-18