e.g Figures are arbitrary
Benefit A = 500 Deductible = 30% of cost
Benefit B = 100 deductible = 70% of cost
Both with shared maximum limit of 1000
Benefit A priced separately to limit of 1000 = 0.8 Factor
Benefit B priced separately to limit of 1000 = 0.9 Factor
Apart from simulation, is there an approximate way to estimate the Price of A and B subject to the shared limit
If the factor for a limit of 1000 = 0.75, would it be prudent to price Benefit A as
30%*0.75*.8?
Benefit A = 500 Deductible = 30% of cost
Benefit B = 100 deductible = 70% of cost
Both with shared maximum limit of 1000
Benefit A priced separately to limit of 1000 = 0.8 Factor
Benefit B priced separately to limit of 1000 = 0.9 Factor
Apart from simulation, is there an approximate way to estimate the Price of A and B subject to the shared limit
If the factor for a limit of 1000 = 0.75, would it be prudent to price Benefit A as
30%*0.75*.8?
Pricing benefits with shared limit
