Difference between revisions of "Actuarial Equivalent"
From Healthcarepedia
(Created page with "=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.<ref>Society of Actuar...") |
m (→What is an Actuarial Equivalent?) |
||
| Line 1: | Line 1: | ||
=What is an Actuarial Equivalent?= | =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.<ref>Society of Actuaries</ref> | + | An actuarial equivalent is a [[health benefit plan]] that offers the same or similar coverage to a standard benefit plan.<ref>Society of Actuaries</ref> |
Actuarially equivalent plans will not necessarily have the same [[premium|premiums]], [[cost sharing]] requirements, or even [[benefit|benefits]]; however, the expected spending by insurers for the different plans will be the same. | Actuarially equivalent plans will not necessarily have the same [[premium|premiums]], [[cost sharing]] requirements, or even [[benefit|benefits]]; however, the expected spending by insurers for the different plans will be the same. | ||
=References= | =References= | ||
Latest revision as of 13:59, 14 February 2017
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
