Actuarial Equivalent definition

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Actuarial Equivalent

Actuarial Equivalent logo #20102Relates to the statistical calculation of risk and used to describe a health plan that has an equivalent statistical calculation of risk as another plan. For example, under Medicare rules, A plan sponsor must offer a prescription drug plan that is actuarially (a term relating to the statistical calculation of risk) the same or better than the Medic...
Found on http://www.encyclo.co.uk/local/20102
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