Contact Us: 919.569.6762
info@mcs-nc.com

About the Workshop

2018 Workshop Fee

Standard Rate $1350
Early Bird Rate* $1215
Regulator Rate $675

*Early bird valid until July 9

Multiple Registration Discounts

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

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

Learn more...

Claims and ACA Accounting & Reporting Workshop

What You Will Learn

  • New 2- Day Workshop addressing statutory accounting and reporting concepts for:

    • Understanding and working knowledge of statutory accounting and reporting principles for claims reserves and liabilities;

    • Statutory accounting and reporting for the Affordable Care Act ("ACA") Section 9010 Annual Mandated Fee on Insurers and ACA Risk-Sharing Programs; and

    • Overview and filing requirements for the 2018 Supplemental Health Care Exhibit.

  • Instructions on how to prepare and file claim Underwriting & Investment Exhibits including U&I Parts 2, 2A, 2B, 2C, 2D, 3, and Exhibits 3, 3A and 7.

  • How claims and ACA data affects other statutory schedules and exhibits including the Health Risk-Based Capital Formula.

  • Accounting, reporting, and disclosure requirements addressed in SSAP No. 106 - Affordable Care Act Assessments and SSAP No. 107 - Accounting for the Risk-Sharing Provisions of the Affordable Care Act.

  • Accounting and reporting for the Medicare Advantage Program in conjunction with the Supplemental Health Care Exhibit and the CMS MLR Report.

  • Preparation and filing of the 2018 Supplemental Health Care Exhibit - Parts 1, 2, 3 and; Expense Allocation Form.

  • 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

  • Statutory Accounting and Reporting for A&H Claim Reserves and Claim Liabilities including discussion of SSAPs 47, 50, 54R, 55, 66, 70, 106, 107, etc.

  • Statutory Reporting for Unpaid Claim Liabilities and Reserves; Claim Administrative Expenses; and other miscellaneous Claim Schedules and Exhibits including front financials, Notes, General Interrogatories, A&H Policy Experience Exhibit, etc.

  • Impact of Reinsurance on Statutory Claim Accounting and Reporting including discussion of SSAPs 61R, 62R.

  • Accounting, reporting, and disclosure requirements addressed in SSAP No. 106 - Affordable Care Act Assessments and SSAP No. 107 - Accounting for the Risk-Sharing Provisions of the Affordable Care Act.

  • Accounting and reporting for the Medicare Advantage Program in conjunction with the Supplemental Health Care Exhibit and the CMS MLR Report.

  • Overview and filing requirements for the 2018 Supplemental Health Care Exhibit including changes from the 2017 Exhibit.

  • Preparation and filing of the 2018 Supplemental Health Care Exhibit - Parts 1, 2, 3 and; Expense Allocation Form.

  • Overview of CMS MLR Reporting and Medicare Advantage MLR Forms.

  • Illustrative case studies.

Who Should Attend?

  • Individuals responsible for the preparation and individuals providing supporting data for the preparation of the Underwriting and Investment Exhibits Parts 2, 2B, 2C, 2D and 3.

  • Individuals responsible for the review of the Underwriting and Investment Exhibits Accountants, Auditors, Actuaries, Financial Executives, Regulators and Others responsible for the preparation, review or auditing of the Underwriting and Investment Exhibits and other claim and claim adjustment expense exhibits.

  • Individuals responsible for the preparation and individuals providing supporting data for the preparation of the SHCE.

  • Individuals responsible for the review of the SHCE including Annual Statement Preparers, Cost Accountants, Auditors, Actuaries, Financial Executives, Regulators and Others responsible for the preparation, review or auditing of the SHCE.

Class Information

Class begins at 8:30 a.m. and ends at 5:00 p.m. on last day. Continental breakfast will be served each morning from 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
    No prerequisite or advance preparation is required.

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

Hotel

Omni San Diego Hotel
675 L Street
San Diego, CA 92101
Tel: 619.231.6664
www.omnihotels.com

About the Hotel
Nestled in the heart of the historic Gaslamp Quarter across from the Convention Center, the Omni San Diego Hotel puts you close to the city's top sites and attractions. Explore Balboa Park, take a harbor cruise or catch a Padres baseball game at PETCO Park, connected to the hotel via a pedestrian skywalk. In addition, the hotel houses an extensive collection of rare baseball memorabilia, including a variety of autographed baseballs, jerseys, a Babe Ruth contract and Joe DiMaggio’s cleats.

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 $178 per night. Rooms are reserved on a first come first served basis. To reserve your room at the discounted conference rate, contact reservations at 1-800-THE-OMNI and reference Millennium Consulting Seminars or name of seminar attending. Reservations must be made on or before August 17, 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 statutory accounting guidance on ACA Risk Adjustment Program high cost risk pools per SSAP No. 107 – Risk-Sharing Provisions of the Affordable Care Act.

  • Changes to the Health RBC Formula regarding ACA Risk Corridors and Transitional Reinsurance Programs.

  • 2019 ACA Section 9010 Assessment Moratorium

  • Update INT 05-05 Medicare Part D Definitions

  • Update on changes to 2018 Supplemental Health Care Exhibit.

  • Update on statutory accounting and reporting other changes to U&I Claim and Expense Exhibits.

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

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