Contact Us: 919.569.6762
info@mcs-nc.com

About the Seminar

2018 Seminar Fee

Standard Rate $1700
Early Bird Rate* $1530
Regulator Rate $850

*Early bird valid until June 21

Discount Packages

Courses 1 & 2 $3,140
Save $555
Courses 1, 2 & 3 $3,905
Save $690

Course 1: Introduction to Health Statutory Accounting & Reporting

Course 2: 2018 Health Annual Statement Preparation

Course 3: 2018 Risk-Based Capital Preparation

Multiple Registration Discounts

5% discount for 2-3 attendees and/or seminars

10% discount for 4 or more attendees and/or seminars

Learn more...

Introduction to Health Statutory Accounting and Reporting Seminar

What You Will Learn

  • 3-day seminar providing an in-depth understanding and working knowledge of Statutory Accounting and Reporting practices specific to health organizations.

  • Understanding of regulatory environment in which health organizations operate.

  • Understanding of insurance Concepts including Insurance Regulation, Statutory and GAAP Accounting Principle similarities and differences.

  • Discussion of Statements of Statutory Accounting Principles (SSAPs) applicable to health organizations including but not limited to premium and reinsurance accounting, investment accounting, claims accounting, and other key accounting concepts.

  • Discussion of the Accounting and Reporting of ACA Fees and Risk-Sharing Programs.

  • Overview of key Pages, Exhibits and Schedules in the Health Annual Statement.

  • Utilizes Case Studies, Examples, and Exercises to enhance participants' skill.

  • Participants are encouraged to bring copies of their prior year's annual statement and RBC report for discussion and clarifications of any reporting problems.

Seminar Content

  • Introduction to Insurance Regulation for Health Organizations.

  • Framework of Statutory Accounting and Financial Reporting.

  • Accounting and Reporting for Premiums, Claims, Reserves, Reinsurance.

  • Accounting and Reporting for Invested Assets.

  • Overview of the NAIC Health Annual and Quarterly Statements.

  • Accounting and Reporting for ACA Fees and Risk-Sharing Programs.

  • Accounting and Reporting for Revenue, Expenses, Capital and Surplus.

  • Reporting for Supplemental Filings and Other Statement Pages.

  • Overview of Health Risk-Based Capital.

Who Should Attend?

  • Individuals needing an understanding of statutory accounting and reporting principles and how they compare and differ with GAAP.

  • Individuals needing a high level overview of the Health Annual and Quarterly Statements and the Health Risk-Based Capital formula.

  • Accountants, Auditors, Actuaries, Financial Executives, Regulators and Others responsible for the all or part of the Statutory Accounting and Reporting.

Class Information

Class begins at 8:30 a.m. and ends at 4:00 p.m. on last day. Continental breakfast will be served each morning between 7:30 a.m. and 8:30 a.m. Morning and afternoon refreshments are provided. Lunch is the responsibility of the attendee. A welcome reception will be held after the first day's session.

  • Field of Study
    Specialized Knowledge and Applications

  • Level of Difficulty: Basic
    Introduction; No prerequisite or advance preparation is required

  • Format of Course
    Presentation with Training Guide ("Group-live")

Hotel

Intercontinental Chicago Magnificent Mile
505 North Michigan Avenue
Chicago, IL 60611
Tel: 312-321.8811
www.icchicagohotel.com

About the Hotel
The InterContinental Chicago is located on Michigan Avenue’s “Magnificent Mile” in the heart of Chicago which boasts the city’s finest shopping, entertainment, and cultural attractions. It is just five miles from the famed Wrigley Field and is the only Michigan Avenue Chicago Hotel with a front entrance on the city’s “Magnificent Mile”.

Reservations
Please note accommodations and travel are not included in the registration fee. For your convenience, we have secured a block of discounted rooms at a rate of $169 per night. Rooms are reserved on a first come first served basis. To reserve your room at the discounted conference rate, contact central reservations at 800.626.2112 and reference Millennium Consulting Seminars and/or Introduction to Statutory Accounting and Reporting. Reservations must be made on or before July 31, 2018 to receive the discounted rate.

Terms & Conditions

  • Confirmation Procedures
    You will receive confirmation via email of your registration. Registration is not complete until your payment is received. Your confirmation will provide information regarding transportation, logistics and materials needed for the seminar(s) as well as an invoice for your tuition.

  • Cancellations/Refunds
    We understand that circumstances may arise that require you to cancel. You may send a replacement or apply your tuition to another MCS seminar within the following 12-months if you notify MCS fifteen (15) business days prior to the seminar date.

    As an alternative, you may request a refund, less a $200 administrative fee, up to ten (10) business days prior to the seminar date. If notification of cancellation is received less than ten (10) business days prior to the seminar date, you will be liable for the entire tuition amount. In fairness to all attendees, if you do not attend a seminar for which you are confirmed and do not contact MCS to cancel in advance, you will be liable for the entire tuition amount.

For more information regarding administrative policies such as complaint and refund, please contact our offices at 919.569.6762.

Speakers

     

Bruce Cromartie
President/CEO

Bruce is the co-founder, President and CEO of Millennium Consulting. With over two decades of insurance and regulatory experience, Bruce is known throughout the insurance industry for his insurance acumen, leadership, and expertise in insurance accounting and regulatory matters.

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Colleen Gingrich
Vice President

Colleen is the co-founder and Executive Vice President of Millennium Consulting. Colleen's extensive knowledge, experience, and expertise encompass a variety of insurance areas including investments, claims, risk-based capital, and IT systems. She has over a decade of managerial...

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What's New for 2018

  • New accounting and reporting guidelines for surplus notes.

  • New goodwill disclosures.

  • New accounting and disclosure requirements on SCA entities.

  • Revisions to INT 05-05: Accounting for Revenues Under Medicare Part D Coverage

  • Revisions to SSAP No. 30 as part of the initiatives of the Investment Classification Project.

  • Changes to Cash Flow instructions regarding restricted cash or restricted cash equivalents.

Copyright ® 2018 Millennium Consulting Services, LLC. All rights reserved.

Millennium Consulting Services | 919.569.6762 | info@mcs-nc.com