The Department of Defense (DoD) has renewed the charter for its Medicare-Eligible Retiree Health Care Board of Actuaries (MERHC BoA). This board provides independent advice on actuarial matters related to the DoD's Retiree Health Care Fund. It consists of three members, who serve without representing any particular viewpoint, and report on the Fund's status to top defense officials, the President, and Congress. Members are respected actuaries appointed for staggered terms and can be compensated for their service.
Simple Explanation
The Department of Defense has decided to keep a special group of experts who give advice about health care for retired military folks. These experts don't pick sides and help make sure the health care plan is working well for everyone.