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Actuarial Equivalent

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Actuarial Equivalent
A measurement in which the payment streams on two, different insurance policies or other plans have the same present value under a given set of actuarial assumptions. It is used to compare two plans with each other.


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The model assumes that all Part D participants enroll in a plan that provides the standard benefit, or its actuarial equivalent, and do not receive any form of supplemental coverage.
12) On the other hand, if the sales proceeds are divided so the surviving spouse takes the actuarial equivalent of his or her life estate and the remaindermen take the actuarial equivalent of their remainder estate, the surviving spouse will be deemed under I.
The company will support various benefit designs including the standard drug benefit, the actuarial equivalent standard benefit, the basic alternative benefit, and the enhanced alternative benefit plans.
 
 
 
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