What is actuarial value and why does it matter?
The actuarial value of a health plan is the percentage of total average costs for covered benefits that a plan will pay. It's a benchmark that can be used for the comparison of health care plans. This video will cover the actuarial values of the current set of VEHI plans, how those values have increased since 2017 and the impact that HRAs (Health Reimbursement Accounts) have on the actuarial value of a health plan.
Finally, the video will also cover what the VT NEA is demanding in this latest round of statewide school employee healthcare bargaining and what the Employer Commissioners are doing to help balance the cost of healthcare to make it affordable for taxpayers as well as school employees.