Actuarial Value

Actuarial Value

In health insurance, the estimated percentage of a typical policyholder's medical bills that an individual plan is expected to pay. A policyholder may receive less than the actuarial value in coverage if he/she has few medical expenses (because the bills may not exceed the deductible) and may receive more than the actuarial value if he/she has numerous expenses. The actuarial value is considered a good baseline for the coverage most policyholders will receive most of the time. The Affordable Care Act of 2010 in the United States requires health insurance providers to calculate and publicize the actuarial value of each plan.
References in periodicals archive ?
The actuarial value of X's retained interest is $552,690 and the value of his reversionary interest is $163,310.
The mean funded ratio of these pension funds -- the actuarial value of assets divided by the actuarial accrued liability -- had reached nearly 100% in 2000, but has since dropped to 84%.
In fact, while the court did not address the issue, it could be argued that the entire gift of the property occurred on the date of original conveyance, less the actuarial value of the decedent's retained life estate.
The mean funded ratio of these pension funds (the actuarial value of assets divided by the actuarial accrued liability) had reached nearly 100% in 2000, but has since dropped to 84% according to the most recent data available.
The gift tax value of the remainder interest equals the value of the property transferred to the trust reduced by the actuarial value of the retained annuity interest,
The actuarial value of net assets of OTPPB was 103% (down from 110.
The Milliman analysis of these 100 pensions-which uses an actuarial value approach to liabilities-indicates the aggregate liabilities are $3.
Modify and introduce innovative health plans that meet federal guidelines around essential benefits and actuarial value.
In these instances, the actuarial value of the life estate on the date of the transferor's death will be used to determine the amount of the credit.
As a result of the acceleration, BT has made a cash payment of 505m pounds into the BTPS, being the actuarial value of the 525m pounds due to have been paid in December 2011.
For defined benefit plans, the increase in the actuarial value of the individual's benefit would be included in income and the employer would be unable to deduct the contributions.
The PERF's funded ratio -- the actuarial value of assets divided by the actuarial accrued liability -- was 87.