Search the News Archive

American Academy of Actuaries Comments to CMS on 2017 Unified Rate Review Template Instructions (PDF)

"On behalf of the American Academy of Actuaries' Premium Review Work Group, [the author] would like to offer a number of comments related to the 2017 Unified Rate Review Template (URRT) instructions.... Version 3.3 of the URRT includes wider tolerances than previous versions; however, there are two places in which the overall tolerances may not be appropriate."

American Academy of Actuaries Comment Letter to CCIIO on the Current Versions of the Unified Rate Review Template and the Actuarial Memorandum Instructions (PDF)

7 pages. Excerpt: "If there are technical issues that can not be addressed for whatever reason, we would encourage CCIIO to provide specific instructions on how to work around those technical issues.... [If] CCIIO plans to make URRT data or actuarial memoranda transparent to the public, it might help to consider adding to the instructions the specific location at which this information will be posted.... We recommend CCIIO create instructions and allow $0 experience values for brand new carriers with no previous experience.... The proposed accounting treatment of the reinsurance premium (assessment) for small groups is as an administrative expense. However, proposed accounting treatment of reinsurance premium (assessment) for the individual market is as a negative premium."

Practice Note on Actuarial Practices Relating to Preparing, Reviewing, and Commenting on Rate Filings Prepared in Accordance with the ACA (PDF)

25 pages. "This document is intended to provide information to actuaries preparing, reviewing, or commenting on rate filings in accordance with Section 2794 of the Public Health Service Act. Specific changes from one year to the next are not considered in this practice note. Rather, it is meant to provide information on the main issues related to filing ACA-compliant plan rates, reflecting the requirements under the ACA."