Form FIS2386 Stand-Alone Dental Plan Actuarial Value Supporting Documentation and Justification - Michigan

What Is Form FIS2386?

This is a legal form that was released by the Michigan Department of Insurance and Financial Services - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form FIS2386?
A: Form FIS2386 is a document that provides supporting documentation and justification for the actuarial value of a stand-alone dental plan.

Q: What does the actuarial value of a dental plan mean?
A: The actuarial value of a dental plan refers to the percentage of total dental care costs that the plan is expected to cover.

Q: What is the purpose of Form FIS2386?
A: The purpose of Form FIS2386 is to provide detailed information and justification for the actuarial value assigned to a stand-alone dental plan.

Q: Who is required to submit Form FIS2386?
A: Insurance companies offering stand-alone dental plans in Michigan are required to submit Form FIS2386.

Q: What information does Form FIS2386 include?
A: Form FIS2386 includes details such as the plan's design, cost-sharing structure, and data used to determine the actuarial value.

Q: Why is actuarial value supporting documentation important?
A: Actuarial value supporting documentation is important to ensure that dental plans provide adequate coverage to consumers and meet regulatory requirements.