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Seminar Information  

Supplemental Health Care Reporting Workshop

August 24, 2011
Orlando, FL

Hotel Information: Walt Disney World Swan & Dolphin (888)828-8850; $139/night

Tuition: $875 .... CPE Credits Available: 8

Seminar Discounts

What you will learn

1-day workshop providing an understanding and working knowledge of the Supplemental Health Care Exhibit including:

  • A discussion of the 2010 Supplemental Health Care Exhibit (SHCE) filing including a summary overview and discussion of the 2010 filing results

  • An overview of the various Statement of Statutory Accounting Principles and Annual Statement Schedules impacting the preparation of the SHCE

  • A discussion of the NAIC Medical Loss Ratio (MLR) Rebate Regulation and the Department of Health and Human Services (HHS) MLR Regulation including definitions of terms, requirements on insurers found in the HHS Regulation and the filing requirements that are due August 1, 2012

  • A discussion of the data needed to prepare the SHCE

  • Instructions and hands-on illustrations on how to prepare and file the 2011 SHCE - Parts 1, 2, and 3 and the SHCE's Expense Allocation Report including data accumulation and allocation methodologies

  • Instructions and hands-on illustrations on how to prepare file the HHS reports due on or before August 1, 2012

  • A discussion on how to reconcile data in the SHCE to data reported in the Annual Statement

  • A discussion of how to forecast the Preliminary MLR using quarterly statement data and corporate changes that will impact the MLR results

  • Workshop utilizes case studies, examples, and exercises to enhance participants' skills

  • Participants are encouraged to bring copies of their prior year's annual statement including the 2010 Supplemental Health Care and A&H Policy Experience Exhibits for discussion and clarifications of any reporting problems

Seminar Content

  • Overview of the 2011 Supplemental Health Care Exhibit including changes from the 2010 Version

  • Overview of NAIC and the HHS MLR Regulations

  • Preparation and filing of Supplemental Health Care Exhibit - Parts 1, 2 and 3

  • Preparation and filing of Supplemental Health Care Exhibit Expense Allocation Form

  • Preparation and filing of HHS's Rebate Calculation Form I

  • llustrative case studies

Who should attend?

  • 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 concludes at 5:00 p.m.

Continental breakfast will be served before the morning session and morning and afternoon refreshments are provided. Lunch is the responsibility of the attendee.

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")

 

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Millennium Consulting Services, LLC is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site:  www.nasba.org