This Week, February 4 - 8, 2013

Reminders

• Opportunity to Lead: Nominations Sought for Academy Regular Directors. Members are invited [2] to nominate themselves or others for consideration as an Academy regular director by submitting names directly to the Academy’s Nominating Committee.

Upcoming Events

• Don’t Miss Next Week’s Webinar: Risk of Material Adverse Deviation Disclosure in U.S. Statements of Actuarial Opinion (Feb. 14). Presenters will review the risk of material adverse deviation (RMAD) disclosure required of appointed actuaries providing statements of actuarial opinion on property/casualty loss and loss adjustment expense reserves in the United States. You will learn why RMAD disclosure exists and how to establish a materiality standard, evaluate whether there is an RMAD, and document your findings. Register today [3]!
• Feb. 21 Webinar (Free): The Relationship Between Medicare and Private Insurance Provider Payment Rates. Presenters will discuss the relationship between Medicare provider payment rates and those for private insurance. This information is important for understanding how any changes in Medicare provider payment rates could affect private plans. Projecting the effects of moving Medicare to a premium support program also requires consideration of this key issue. Register today [4]!

Website: New Postings

• The Pension Committee sent comments [5] to the Internal Revenue Service regarding its recent guidance on notice requirements for funding-related benefit limitations in single-employer defined benefit pension plans.
• The Deposit Fund Subgroup submitted its proposal [6] for reserving synthetic GICs based upon the report presented to the National Association of Insurance Commissioners Life Actuarial Task Force on Nov. 28, 2012.
• The Health Solvency Work Group submitted a letter [7] to the NAIC’s Health Risk-Based Capital Working Group giving the work group's analysis of possible risks caused by the Affordable Care Act as it relates to health risk-based capital. 

Academy in the News

• The Academy’s Medicaid decision brief [8] was cited in the Nashville Post’s, “Medicaid expansion leads chamber’s list of legislative priorities [9],” and in an op-ed by James Wall, President of AARP North Carolina, in fayobserver.com’s “Expanding Medicaid–Insuring jobless is right, costs less than their ER care [10].”

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