This March 20 webinar will cover the recently released final and interim final rules related to the implementation of the three risk-sharing mechanisms in the Affordable Care Act—risk adjustment, reinsurance, and risk corridors (otherwise known as the “3Rs”). Representatives from the Department of Health and Human Services will will focus their presentation on the new methodology for reconciling advanced cost-sharing reduction payments. Register for free! (March 14, 2013)
This seminar is the primary source of instruction for actuaries who wish to be qualified to issue actuarial opinions for either the NAIC Life and A&H Annual Statement or the NAIC Health Annual Statement but may not have met the specific knowledge requirements set forth in the U.S. Qualification Standards. See why so many of your peers find this seminar the most expeditious way to acquire basic education required to obtain health and life qualifications under Section 3 of the U.S. Qualifications. Register early: Seats are limited and fill up quickly! (March 27, 2013)
Cori Uccello, the Academy's senior health fellow, submitted written testimony to the House Ways and Means Subcommittee on Health in response to its recent hearing that examined Medicare's traditional fee-for-service benefit design. (March 08, 2013)
The Rate Review Practice Note Work Group submitted comments to the Center for Consumer Information and Insurance Oversight (CCIIO) recommending several modifications to the unified rate review template and instructions associated with the final rules implementing the rate review and disclosure provisions in the ACA. (March 07, 2013)
Senior Life Fellow Nancy Bennett presented to state legislators at the National Conference of Insurance Legislators Spring Meeting regarding the implementation and review process for Principle-based Reserves. (March 08, 2013)
The Enterprise Risk Management Committee exposed its practice note, Insurance Enterprise Risk Management Practices, for public comment. The practice note discusses ERM practices within the insurance industry and concepts such as risk culture, risk organization, and risk governance. (March 07, 2013)
Join us on March 13 and 14 for this free two-part webinar series to learn more about the recently released final rules related to the Affordable Care Act implementation. The American Academy of Actuaries will hold this webinar with representatives from the Center for Consumer Information and Insurance Oversight, who will be on hand to answer YOUR questions, specifically regarding actuarial value determinations, cost-sharing reductions, essential health benefits, and the final market reform rules. (March 12, 2013)
The Pension Committee released an issue brief recommending changes that will allow private sector defined benefit plans to raise their normal retirement age above 65 to better align with Social Security. Read the news release. (March 07, 2013)
The International Accounting Standards Task Force sent papers to FASB on issues related to the Insurance Contracts project discussed at a November 2012 meeting with FASB staff. (March 05, 2013)
As a member of the Academy, you now have special access to recently produced videos prepared by the Centers for Medicare & Medicaid Services (CMS) on several key regulations implementing certain provisions of the Affordable Care Act (ACA).
Description of Regulation Review Modules The U.S. Department of Health and Human Services’ (HHS) Center for Consumer Information and Insurance Oversight (CCIIO) has recently released proposed rules for the new health insurance marketplaces, which begin operation on Jan. 1, 2014. These proposed rules cover: Market reform rules Essential health benefits and actuarial value Risk adjustment, transitional reinsurance and risk corridors (the “3Rs”) To help actuaries learn about these rules and how to interpret them, CMS has prepared a series of short video modules that you can download. These (currently 25 or so) modules consist of short discussions (eight to 10 minutes each) on individual topics to help actuaries learn about the regulations and can be viewed at your convenience. Starting on Tuesday, Feb. 19, 2013, the modules may be downloaded from the Regulation Review website. To access the site, please log in to the American Academy of Actuaries members-only page and select the link for ACA Regulation Review Videos. The modules are grouped into topics as follows: Series Topic 10 Intro to Regulation Review 100 Market Reform Rules 110 Actuarial Value Calculator 120 Essential Health Benefits 130 Risk Adjustment 140 Transitional Reinsurance 150 3Rs Timing Disclaimer Please be advised that links to other websites are provided solely for your convenience. When you click on such a link, you will leave the Academy website and will be redirected to another website. The Academy is not responsible for the content found on other websites. The existence of a link on the Academy’s website does not imply endorsement, recommendation, or sponsorship of any linked website or advice described on that site. The Academy makes no representation or warranty regarding the accuracy of information contained on other websites. Please be aware that the security and privacy policies on other websites may be different from those of the Academy’s website, so please read privacy and security policies of other websites closely. If you have questions or concerns about information on a linked third party website, please contact the third party directly. ()