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Development of Expected Claim Costs for Comprehensive Medical Expense Benefits and Ratios of 1959 and 1960 Actual Experience Thereto
first few dollars (typically $50) of his medical care expenses after which the plan pays 750-/0 or 80% ... such factors as age, sex, salary, and the medical care costs and practices in the geo- graphical locations ...Description: This paper sets forth a standard of expected claim costs for Comprehensive Medical Expense plans together with the underlying rationale. This is known as the '1960 Tabular'. From Transactions of Society of Actuaries 1963, Vol. 15, Pt. 1, No. 41.
Hide- Authors: E Paul Barnhart, Burton E Burton, Richard H Hoffman, Theodore J Kowalchuk, Joseph W Moran, Daniel W Pettengill, K Arne Eide
- Date: Mar 1963
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Experience Studies & Data