Changes may be coming to your health insurance. Here’s what you need to know.
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Changes may be coming to your health insurance. Here’s what you need to know.
The percentage of total average costs for covered benefits that a plan will cover. For example, if a plan has an actuarial value of 70 percent, on average, you would be responsible for 30 percent of the costs of all covered benefits. However, you could be responsible for a higher or lower percentage of the total costs of covered services for the year, depending on your health care needs and the terms of your plan.
