Actuarial soundness

Actuarial soundness

A measure of the adequacy of Hospital Insurance and Supplementary Medical Insurance financing as determined by the difference between trust fund assets and liabilities for specified periods.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Insurance
Category: Medicare & Medicaid
Company: Centers for Medicare & Medicaid Services
Product:
Acronym-Abbreviation:

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Related terms

actuarially sound

Agriculture; Agricultural programs & laws

The financial goal of any insurance program (including the federal crop insurance program) is to operate on an actuarially sound basis; that is, total premiums collected should ...

actuarial soundness

Health care; General

The requirement that the development of capitation rates meet common actuarial principles and rules.

actuarial soundness

Insurance; Medicare & Medicaid

A measure of the adequacy of Hospital Insurance and Supplementary Medical Insurance financing as determined by the difference between trust fund assets and liabilities for ...

soundness

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The state of mental and physical health when all organs and faculties are complete and functioning normally, each in its rightful relation to the other.

soundness

Language; Dictionaries

The quality or state of being sound; as, the soundness of timber, of fruit, of the teeth, etc.; the soundness of reasoning or argument; soundness of faith.

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