Rated Up

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Rated Up

Describing an insurance policy with a higher premium because of an unusual or at least higher risk. For example, a health insurance policy will likely rate up a policy for an obese person.
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The center analysts show, for example, that an enrollee with metastatic cancer could face a rate-up of $142,650.
The chart does not appear to reflect how major medical insurance rate-ups actually worked in the past, before the ACA prohibited use of rate-ups for people with pre-existing conditions, but would-be health insurance policy shapers might find the chart useful when they are thinking about some common catastrophic conditions might affect a health plan's claim costs.
If the policy isn't kept in force, the child, as an adult, will be subject to age-band rating, rate-ups for certain medical conditions or tobacco rates.