Definition of Actuarial Rates

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TeachMeFinance.com - explain Actuarial Rates



Actuarial Rates

The term 'Actuarial Rates ' as it applies to the area of Medicare in the United States can be defined as 'One half of the expected monthly cost of the SMI program for each aged enrollee (for the aged actuarial rate) and one half of the expected monthly cost for each disabled enrollee (for the disabled actuarial rate) for the duration the rate is in effect'.

Previous 5 Terms:
Actual Charge
Actual peak reduction
Actual Production History (APH)
Actuarial Balance
Actuarial Deficit
Next 5 Terms:
Actuarial Status
Actuarially sound
ACTV
aculeiform
Acute




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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