Michael L. Frank Authors Paper on Healthcare Insurance Billing

CCA member Michael L. Frank authored “Did I Produce a Catastrophic Claim or Am I a Victim of Fraud?” which details his experience with healthcare insurance and possible claim billing errors.

We welcome other opinions and thoughts on the subject, and encourage members to join our communities and special interest groups which promote sound actuarial considerations throughout the profession.

The comments contained in his paper do not necessarily reflect the views of the CCA, the CCA’s members, or any employers of CCA members, and should not be construed in any way as being endorsed by any of the aforementioned parties.

Register for the 2017 CCA Annual Meeting

2017 CCA Annual Meeting Preliminary Program

2017 CCA Annual Meeting

October 22-25, 2017
Ritz-Carlton Orlando, Grande Lakes
Orlando, Florida

Registration is now open for the 2017 CCA Annual Meeting, with early-bird pricing available for those who register on or before July 31st. Please click here to review the programreview registration fees, meeting highlights, register for the meeting learn about the hotel and travel details, and make your reservations at the Ritz-Carlton Orlando, Grande Lakes.

We look forward to seeing you in October!

Retiree Medical Seminar Leads Off Annual Meeting in Orlando

Retiree Medical Seminar

10/22/2017 - Noon – 6:00 PM
Ritz-Carlton Orlando, Grande Lakes - Orlando, Florida
Credits: CPD 6.0

This seminar serves as a primer for working on retiree group benefit valuations. Whether you are undertaking ASC715 or GASB 45/74/75 valuations, the fundamentals are the same. Attendees receive a copy of the textbook used on the Society of Actuaries’ exams, “Fundamentals of Retiree Group Benefits,” and the seminar material closely follow its contents.

The speakers at this seminar cover:

  1. Trends in retiree medical plan design.
  2. Actuarial assumptions and methods.
  3. Pros and cons of RDS and EGWP.
  4. How Medicare Advantage Plans work – and why the premium cost for Medicare Advantage plans are generally lower than Medicare Supplement premiums.
  5. Morbidity tables – sources and uses.
  6. My retiree medical plan client is being audited – what to expect when the auditor’s actuary reviews the valuation – and how to plan for a smooth audit review.

This seminar is not a part of the Annual Meeting package; with additional registration and fees required. Registration fees for the seminar are as follows: Members $550 – Nonmembers $650. Additional late and cancellation fees apply. See the CCA Annual Meeting Preliminary Program for details.

Speakers:

1. Dale H. Yamamoto - Red Quill Consulting
2. Adam J. Reese - PRM Consulting Group
3. Colleen O'Malley Driscoll - Ernst & Young, LLP
4. John J. Schubert - Deloitte Consulting LLP
5. John V. Grosso - Aon Hewitt
6 James J. Rizzo - Gabriel Roeder Smith & Company

Get Involved With the CCA

There are a variety of ways for CCA members to participate. For more information, view our Get Involved With the CCA interactive graphic, where the responsibilities and time commitments for each opportunity are outlined.

Once you match your talents and interests, please email a completed Member Engagement form, click on the form’s “Submit” button, or email your completed form to Kelly Fanella.

Experienced CCA volunteers are encouraged to volunteer for the Board of Directors. To help you determine whether this is a match for your talents, consider the duties involved. Contact the CCA office at conference@ccactuaries.org for details.

Upcoming Audio/Webcasts

The Future of Employee Benefits

09/13/2017 - 11:30 AM – 12:45 PM CT
Credits: CPD 1.50

Speakers discuss trends in employer-provided health and welfare benefits as well as retirement benefits; the prevalence in different types of retirement income vehicles anticipated for the future; and the future of tax preferred healthcare vehicles, including HSAs, HRAs and FSAs. Speakers share thoughts on how new marketplace availability may affect potential employer-provided healthcare benefits, and sustainability of quality healthcare benefits given adverse selection issues toward higher level medal plans and elimination of federal subsidies.

Speakers:

1. Michael I. Helmer - Segal Consulting
2. Roselyn R. Feinsod - Aon Hewitt
3. Leon F. Joyner - Segal Consulting
4. David Michael Jones - Willis Towers Watson

 

Code of Professional Conduct

09/27/2017 - 11:30 AM – 12:45 PM CT
Credits: EA Core 1.50, CPD 1.50

Actuaries who practice in the United States and are members of one of the five U.S.-based actuarial organizations are subject to the Code of Professional Conduct. The Code of Professional Conduct sets forth what it means for an actuary to act as a professional. It identifies the responsibilities that actuaries have to the public, to their clients and employers, and to the actuarial profession.

The purpose of the Code of Professional Conduct is to require Actuaries to adhere to the high standards of conduct, practice, and qualifications of the actuarial profession, thereby supporting the actuarial profession in fulfilling its responsibility to the public. An Actuary must be familiar with, and keep current with the Code of Professional Conduct. An Actuary who questions how to apply our Code can obtain guidance. An Actuary who commits a violation of the provisions of the Code of Professional Conduct may be subject to counseling and discipline procedures.

The presenters at this session will provide a timely and important “refresher” on the Code of Professional Conduct. Come to this session so you don’t end up on Law and Order - Special Actuaries Unit.

Speakers:

1. Lance J. Weiss - Gabriel Roeder Smith & Company
2. Kenneth A. Kent - Cheiron, Inc.
3. Carol R. Sears - Actuarial Consulting Group Inc.
4. David L. Driscoll - Conduent Human Resource Services

Sponsorship Opportunities Available for the CCA Annual Meeting

2017 CCA Annual Meeting Preliminary Program

Sponsorship at “the premier meeting for consulting actuaries” gives you the opportunity to connect with top-level executives and decision makers across the spectrum, from small business owners to CEOs of multinational consulting firms, and is a powerful customer relationship management vehicle.

Don’t miss this opportunity to reach your potential customers. Be recognized as a valued sponsor in the pre- and post-event marketing materials and create a dynamic impression on the nation’s top actuaries.

Please take a moment to review our Special Events Sponsorship prospectus to review the available opportunities, and contact Marie Shaw at the CCA office for more information.

Click here for more information about the 2017 CCA Annual Meeting

Selling Health Insurance Across State Lines Subject of New Paper by Lawrence Mitchell

Inspired by discussions he led on the CCA Healthcare Community, CCA Past President Lawrence Mitchell authored a paper titled "Selling Health Insurance Across State Lines" to further the conversation on the matter among actuaries and non-actuaries alike.

We welcome other opinions and thoughts on the subject, and encourage members to join our communities and special interest groups which promote sound actuarial considerations throughout the profession.

The comments contained in his paper do not necessarily reflect the views of the CCA, the CCA’s members, or any employers of CCA members, and should not be construed in any way as being endorsed by any of the aforementioned parties.

The 2017 Blue Book and Blue Book Index are Now Available

Released at the Enrolled Actuaries Meeting starting in 1998, the "Blue Book" is a compendium of questions from actuaries and answers from the Pension Benefit Guaranty Corp. (PBGC). Access to the complete set of Blue Books is available through the PBGC website.

The Blue Book Index is a complementary catalog of these materials, sorted by topic, to the full set of Blue Books. Click here to access the 2017 Blue Book Index through the CCA website.

Updated Form 5434-A "Application for Renewal of Enrollment" Now Available

Enrolled Actuaries can now access the updated Form 5434-A "Application for Renewal of Enrollment" through the IRS website at http://www.irs.gov/pub/irs-pdf/f5434a.pdf.  All individuals enrolled before January 1, 2017, are required by 20 CFR 901.11(d) to renew their enrollment in order to maintain active enrollment to perform actuarial services.  To timely renew your enrollment effective April 1, 2017, file the form on or before March 1, 2017. The form may also be used to file to return to active status from inactive status between January 1, 2017, and December 31, 2019.

Intersector Meeting Notes

Updated: May 3, 2017

Twice a year the Intersector Group meets with representatives of the U.S. Department of Treasury (Treasury Department), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) to dialogue with them on regulatory and other issues affecting pension practice. Click here to view notes from meetings with the IRS, Treasury, and PBGC on regulatory issues affecting pension practice.

Find a Consulting Actuary

The Directory of Actuarial Consultants allows you to search for a consulting actuary based on contact information, practice area (Pension, Health, Life, and Casualty), type of firm, or scope of practice.