457.440—Existing comprehensive State-based coverage.
(b) Modifications.
A State may modify an existing comprehensive State-based coverage program described in paragraph (a) of this section if—
(2)
The State submits an actuarial report demonstrating that the modification does not reduce the actuarial value of the coverage under the program below the lower of either—
(ii)
The actuarial value of a benchmark benefit package as described in § 457.430 evaluated at the time the modification is requested.