Tax and statutory accounting changes present complex legal questions and challenges in product development and financial reporting, underscoring the importance of collaboration between actuarial, financial and legal departments. To get perspective on best practices for tax actuaries collaborating with accountants and lawyers, we interviewed three representative tax leaders who included the chief tax officer (CTO), chief tax actuary, and chief tax counsel from three major U.S. insurance companies. From the February 2017 Taxing Times. Written by Sheryl Flum, Rena Kuliyeva and Jacqueline Yang.  Read by Dan Theodore.

Direct download: TTFeb2017BestPracticesCollaboration.mp3
Category:Taxation -- posted at: 11:25am CST

Dave Dillon, FSA, MAAA interviews Randy Herman, FSA, MAAA about the November 2016 Health Watch article  “Review: Do Individuals Make Sensible Health Insurance Decisions? Evidence From a Menu With Dominated Options” that he co-authored. They discuss the sub-optimal health insurance choice decisions made by employees, methods to improve decision quality and how concepts from behavioral finance theory might help explain the results.

Direct download: SOA17_04_Health_01_-_Employee_Choice_Issue.mp3
Category:Health -- posted at: 4:26pm CST

The IRS recently released Notice 2016-631 providing safe harbor guidance for use of the 2017 CSO in calculations under sections 7702 and 7702A. This article contains a summary which many actuaries will find quite helpful. Written by John T. Adney, Craig Springfield and Brian King. Read by Dan Theodore.

Direct download: TTFeb2017IRS2016-63SafeHarborGuidance.mp3
Category:Taxation -- posted at: 3:20pm CST

This podcast gives a brief overview of the payment systems being introduced by MACRA as well as the changes to Medicare Supplement.

Direct download: SOA17_05_Health_02_MACRA_Medicare_Supplement.mp3
Category:Health -- posted at: 10:36am CST

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