This Week, June 11-15, 2012

 

Recent Academy Activity, June 11– 15, 2012

Reminders

  • There’s still time to take the Academy’s annual volunteer survey. Let us know how you’d like to take advantage of opportunities for leadership, networking, and contributing to the future of the profession.

Website: New Postings

  • The Medicaid Work Group submitted comments to CMS on a proposed rule regarding payments for Medicaid primary care services. The letter addressed issues relating to actuarial soundness as they pertain to changes in the Medicaid program.
  • The Actuarial Value Subgroup submitted comments to the IRS on Notice 2012-31, Minimum Value of an Employer-Sponsored Health Plan. The letter addressed how to account for non-core benefits and non-standard plan features as well as other considerations related to the treatment of health savings account contributions.
  • The Actuarial Guideline 43/C-3 Phase II Work Group submitted comments to the NAIC regarding its deliberation of the C-3 Phase II and AG 43 methodologies.
  • The Annuity Illustration Work Group submitted comments to the NAIC Annuity Disclosure Working Group regarding the latest drafts of the NAIC Annuity Buyer’s Guides distributed on May 15, 2012.

Academy in the News

Recent Events

  • Academy Senior Pension Fellow Don Fuerst testified before the ERISA Advisory Council June 12 on retirement security and the risk of long-term disability.

Upcoming Events

  • Learn about the types of guidance the Actuarial Board for Counseling and Discipline (ABCD) can address and provide. Examine actual ABCD case studies with a panel of experts. Attend the June 25 professionalism webinar: ABCD Requests for Guidance—Insight and Case Studies.
  • Seats are limited for November’s 2012 Life and Health Qualifications Seminar. Register today to guarantee your place at 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.
  • Save the date: Sept. 11–12 for Life PBR—Test Drive the New VM-20. Attendees will work hands-on with the new VM-20 and apply the requirements to real-life examples. This two-day interactive seminar also will provide plenty of opportunity to discuss specific components of VM-20 with expert faculty. Stay tuned for more information!

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