Are student health plans required to meet actuarial value metal levels?

Effective for policy years after July 1, 2016, student health plans are no longer required to fall within the de minimus ranges for specified actuarial metal levels (i.e. platinum, gold, silver, bronze). However, the plan must provide at least 60% actuarial value and disclose in the plan documents that the plan meets or exceeds the next lowest standard actuarial plan level. For example, if a plan has an 86% actuarial value, the plan documents must state that it meets or exceeds a “gold” metal of coverage.