ME120





Data Element

Actuarial Value

Description

Actuarial value, represented as a percentage of grandfathered plan. Use in conjunction with ME122 – Grandfather Status.

Required as of January 1, 2014, for small group and non-group (individual) plans sold inside or outside the Exchange.

Use values provided in the most recent version of the HHS Actuarial Value Calculator available at: http://cciio.cms.gov/resources/regulations/index.html.

Type

Numeric

Format

±decimal

Length

6,4

Threshold

100%

Required

Required

Tip / Notes



Rank

116