Various | Reformatted to new policy format and completed comprehensive full update | OFP (047G) | Reorganized chapter layout | November 2022 |
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0703 Definitions | Updated definitions- added, removed, and reworded definitions as needed | OFP (047G) | Definitions updated to ensure relevance and consistency across policies | November 2022 |
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0704 Roles and Responsibilities | Updated roles to include actuaries who produce the actuarial liabilities through modeling | OFP (047G) | Potential financial liability computed by VA actuaries using various future assumptions | November 2022 |
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0705 Policies | Reorganized and revised policy statements for clarity and to address deficiencies | OFP (047G) | To ensure policy statements are clear and accurate based on current authoritative guidance | November 2022 |
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070503 Veterans Benefits | Added policy for Community Care Medical Claims and actuarial calculation of Incurred But Not Reported liabilities | OFP (047G) | Support for estimated liability recognizing the cost of community care services received by Veterans but not yet paid for hospital care or medical services furnished at non-Departmental facilities | November 2022 |
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0706 Authorities and References | Updated authorities and references | OFP (047G) | To ensure policy guidance aligns with current authoritative documents and sources | November 2022 |
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Appendix A | Added Actuarial Assumptions for Compensation, Burial, and Education Benefits | OFP (047G) | Variable actuarial assumption considerations for liability calculations | November 2022 |
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