Definitions from the Web
Pre Existencing Rate
Definition:
The pre existencing rate refers to the percentage at which a condition, disease, or medical history existed prior to a certain period or event, typically referring to insurance policies and coverage. It is often used to determine the eligibility and cost of coverage based on pre-existing conditions.
Examples:
- The pre existencing rate for individuals with a history of heart disease is higher compared to those without any pre-existing conditions.
- Insurance companies often charge higher premiums for individuals with a high pre existencing rate.
- Many policies exclude coverage for pre-existing conditions entirely, leading to difficulties for those with a high pre existencing rate.
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