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

It would also equal the actual income earned on the plan assets if the value of the assets matched the actuarial value of the future benefits and if the rate of return on the assets matched the discount rate used to calculate the actuarial value of the future benefits.

Defined benefit pensions and household income and wealth

Many experts consider a funded ratio (actuarial value of assets divided by actuarial accrued liabilities) of about 80 percent or better to be sound for government pensions.

State and Local Government Pension Plans: Current Structure and Funded Status

One can, for example, deed one's farm or home to a charity while retaining a life estate in that property and getting an income tax deduction for the actuarial value of the charity's remainder interest.

The Complete Idiot's Guide to Wills & Estates

This is the so-called "doughnut hole." Putting a positive spin on the increase, a spokesperson from the CMS Office of the Actuary said in a statement that "the actuarial value of the drug benefit increases along with any increase in drug expenses, and the standard Part D benefit continues to cover a constant share of drug expenses from year to year."

Part D costs up for 2007

The All Other Compensation column would now include the accrued increase in the actuarial value of pension plans and non-tax-qualified deferred compensation.

Will revealing more be enough? A new SEC executive compensation proposal has sparked debate about just how to go about disclosing more. Financial Executives Research Foundation looks into the potential impact of the new rules

The Government has blatantly broken this bond of trust and I'll lose more than pounds 30,000 in actuarial value.

Pension fight set for Europe