Actuarial Equivalent
From Healthcarepedia
What is an Actuarial Equivalent?
An actuarial equivalent is a health benefit plan that offers the same or similar coverage to a standard benefit plan.[1]
Actuarially equivalent plans will not necessarily have the same premiums, cost sharing requirements, or even benefits; however, the expected spending by insurers for the different plans will be the same.
References
- ↑ Society of Actuaries
