"'Actuarial value' measures the relative generosity of benefits covered by a health insurance plan. Under the ACA, a health insurance plan's actuarial value indicates the average share of medical spending that is paid by the plan, as opposed to being paid out of pocket by the consumer.... Catastrophic plans are not required to meet actuarial value targets, except that they must have actuarial values below those of the bronze tier (60 percent)."  MORE >>