Most states use a standard “age curve” when determining the rates for small group plans. There is a different age factor for each age from 21 to 64. A 21 year old is set at a factor of 1.0 and a 64 year old is set at a factor of…
Age Curve
The Age Curve is a chart that shows how premiums increase with age, typically at a gradual rate for younger individuals and more steeply for older individuals. Under the ACA, CMS has created an age curve that carriers in most states are required to use when determining small group rates, but a few states have developed a mofified age curve.