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Composite Rating

Simple & Equitable Health Insurance Premiums

A composite rate for health insurance refers to a method of determining premiums for a group health insurance plan. Instead of assigning individual rates to each member of a group based on their age, gender, and other factors, a composite rate provides a single premium rate for all members of the group, offering a fair and equitable opportunity for all employees.

This approach simplifies the premium-setting process for group health insurance, making it easier for employers to manage and predict costs. Best of all, SBAM can guide you and your insurance agent through this process!

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Calculate Premiums & Enroll

Here’s how to enroll with composite rating through SBAM:

  • Contact your insurance agent or the SBAM Member Care Team at (877) 949-7226,, or visit our SBAM Service Portal at
  • Pull your current BCBSM/BCN enrollment census information, rates and monthly health premium.

Our Composite Rate Calculator will then work its magic, providing you with a premium calculation that is consistent and fair for all your employees.

Upon completion of the rate calculation, sign a simple contract and allow 30 days to complete enrollment.

Rate Calculator

Curious about how rates are calculated? Use this rate tool to determine your potential composite rating pricing.

Open Calculator

Enrollment Checklist

It’s simple to enroll, whether or not you are a currently enrolled with an SBAM-sponsored BCBSM plan. This handy checklist walks you through the steps you can take to get set up.

Download Checklist


Please contact us for the current agreement.

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What is Composite Rating?

Hear Directly from the SBAM Experts