What is actuarial value and how do metal levels relate to it?

• A. Actuarial value is the maximum out-of-pocket limit.
• B. Actuarial value is the average share of costs a plan pays for enrollees; Bronze ~60%, Silver ~70%, Gold ~80%, Platinum ~90%.
• C. Actuarial value is the premium paid by enrollees.
• D. Actuarial value is the percentage of network providers covered.

Answer: (B)