Health Annual Statement
Gain a comprehensive understanding of HMO/Health insurance industry fundamentals, Statutory accounting concepts, and the purposes and contents of the Health Annual Statement (Orange Book). This seminar addresses virtually every page, exhibit, and schedule in the Orange Book. Class discussion will center on a comprehensive textbook and a completed Health Annual Statement.
In addition to the textbook, participants will receive web access to the current Health Annual Statement Handbook - a $710 value.
Upon completion, you will be able to:
- Identify the fundamentals of the HMO/Health insurance industry
- Identify the framework of Statutory accounting principles and concepts
- Apply the accounting and reporting requirements for premiums, benefits, reserves, and expenses (Underwriting and Investment Exhibits)
- Distinguish between the valuation rules applicable to invested assets
- Apply the debt and equity securities impairment guidance
- Distinguish between the reinsurance methods utilized by HMO/Health insurance companies
- Identify the components of the Health Risk-Based Capital calculation
- Apply the accounting and reporting guidance applicable to elements of the Affordable Care Act (ACA)
- Prepare the Balance Sheet, Statement of Revenue and Expenses, Capital and Surplus Account, and Cash Flow statement
What Attendees Have Said:
"Thanks so much for this course - it was incredibly helpful!" A.A. 8/17/2020
“Glenn was fantastic! His knowledge of the topics is vast. I felt like I learned a lot and can now bring my knowledge into the workplace.” J.M. 10/8/2019
"The Health Seminar was great and I learned a lot. I liked how Glenn would present the information and then ask us how we do it at our Company and even dive into our Orange Blank to make the material personal." N.S. 6/29/2018
“Both instructors were very knowledgeable and I really enjoyed taking a class taught by the team. I feel like I learned a lot and that the time spent was worth it.” R.T. 10/16/17
“Excellent course, I learned a lot. The discussions during the course were helpful and interesting.” B.K. 10/10/17
Who Should Attend: Accountants, auditors, actuaries, financial executives and staff, regulator,s and others responsible for the preparation, review, or audit of all or a significant portion of the Health Annual Statement and key supplemental filings, and those transitioning to the Health Annual Statement from other NAIC blanks.
Advance Preparation & Prerequisites: No advanced preparation or prerequisite is required. Those interested in a more concise survey of the Health Annual Statement should consider the Health Overview of Statutory Financial Reporting for HMOs and Health Insurers.
NASBA Publication/Revision Date: April 2021
Delivery and Program Level: Group internet-based basic level webinar
Estimated CPE Credit: 20 hours in Accounting
Important Information About CPE for Multi-Day Webinars: CPE will be awarded separately for each webinar day attended. Daily CPE will be either full credit if the attendee responds to 75% or more of the CPE certification questions during each session, or no CPE credit if the attendee responds to less than 75% of the CPE certification questions per session. The total CPE hours awarded for the multi-day webinar, as shown on the CPE certificate, will be an accumulation of CPE per day.
Printed Course Materials: Tuition includes digital course materials. If you wish to have printed course materials, there is an additional per person charge (includes shipping). Select the Printed course materials option below; you will receive an email requesting a shipping address. Please allow at least five business days after sending your shipping address to receive the materials.
Special Offers:
- Registration for this webinar includes web access to the current P&C Annual Statement Handbook for the participant - a $710 value
- Register for this webinar and receive a voucher code for $600 off another over 7 CPE hours (excludes 7-hour Update on Accounting and Reporting)
- Group discount of $300 per attendee for the third and subsequent attendees registering for this webinar
- Current software clients receive a $100 discount with voucher code
- Only one discount code may be used per purchase
About Webinars:
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- Mobile devices or tablets cannot be used if requesting CPE since the CPE tracking program will not work with these devices.
- Registration closes 2 hours before the webinar start time.
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