South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:06 - INSURANCE
Chapter 20:06:56 - Minimum benefit standards
Section 20:06:56:11 - Levels of coverage
Universal Citation: SD Admin Rules 20:06:56:11
Current through Register Vol. 50, page 114, March 25, 2024
The levels of coverage are calculated as follows:
(1) A bronze health plan is a health plan that has an actuarial value of 60 percent;
(2) A silver health plan is a health plan that has an actuarial value of 70 percent;
(3) A gold health plan is a health plan that has an actuarial value of 80 percent; and
(4) A platinum health plan is a health plan that has an actuarial value of 90 percent.
Actuarial value within a de minimis variation determines whether a health plan offers a bronze, silver, gold, or platinum level of coverage.
General Authority: SDCL 58-17-87, 58-18-79.
Law Implemented: SDCL 58-17-87, 58-18-79, 58-18-80.
Disclaimer: These regulations may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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