“Actuarial Value” is a new word for an old idea. It’s simply the measure of the “richness” of a plan design. That is, how strong or weak are the deductibles and co-pays? If a change in deductible is worth 3%, for example, then the actuarial value (and the premium) has changed by 3%.
To read our article on the Power of the Actuarial Value,
you can download it here.