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SectionRevisionOfficeReason for ChangeEffective Date
VariousReformatted to new policy format and completed comprehensive full updateOFP (047G)Reorganized chapter layoutNovember 2022
0703
Definitions
Updated definitions- added, removed, and reworded definitions as neededOFP (047G)Definitions updated to ensure relevance and consistency across policiesNovember 2022
0704
Roles and Responsibilities
Updated roles to include actuaries who produce the actuarial liabilities through modelingOFP (047G)Potential financial liability computed by VA actuaries using various future assumptionsNovember 2022
0705 PoliciesReorganized and revised policy statements for clarity and to address deficienciesOFP (047G)To ensure policy statements are clear and accurate based on current authoritative guidanceNovember 2022
070503
Veterans Benefits
Added policy for Community Care Medical Claims and actuarial calculation of Incurred But Not Reported liabilitiesOFP (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 facilitiesNovember 2022
0706
Authorities and References
Updated authorities and referencesOFP (047G)To ensure policy guidance aligns with current authoritative documents and sourcesNovember 2022
Appendix AAdded Actuarial Assumptions for Compensation, Burial, and Education BenefitsOFP (047G)Variable actuarial assumption considerations for liability calculationsNovember 2022

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