Top 10 U.S. Milliman publications of 2014

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In 2014, Milliman published a range of articles and videos, covering issues including de-risking pension plans, changes to reinsurance and risk corridor programs, and insurance coverage as it relates to sexual misconduct. We also published on the many challenges related to healthcare costs, including changes in federal subsidies and the auto-enrollment process and ACA’s impact on financial statements.

Here are this year’s ten most viewed articles and reports:

10. Making the case for variable annuity pension plans (VAPPs)
By Grant Camp, Kelly S. Coffing

VAPPs provide lifelong income with inflation protection to participants and stable contribution requirements for the employer.

9. Seeking justice: Insurance and sexual misconduct
By Christine M. Fleming

Recent initiatives by the United Nations to characterize childhood sexual abuse as torture and insurance coverage issues related to sexual misconduct claims.

8. When housing markets drop: How home equity insurance would reduce the risk
By Leighton A. Hunley

What if a homeowner could be protected from a drop in a home’s equity?

7. Health plan consumerism: Who is the consumer?
By Daniel F. Bostedt

Participant-focused consumerism remains an important part of health plan management. And physician-focused consumerism could be a complementary part of that management.

6. The proposed federal exchange auto-enrollment process: Implications for consumers and insurers
By Paul R. Houchens, Susan E. Pantely

What are potential implications for policyholders and insurance companies related to changes in federal subsidies and the renewal process?

5. ACA's impact on financial statements
By Matthew P. Chamblee

An overview of the new risk programs, subsidies, and fees with recommendations for both planning accruals and accounting for them on financial statements

4. Update on canceled plans: Will changes to 2014 reinsurance and risk corridor programs provide financial relief?
By Doug Norris, Hans K. Leida

In November 2013, the president proposed significant changes to the federal reinsurance program and extended deadlines for the filing of 2015 premium rates.

3. The risks of de-risking pension plans
By Zorast Wadia

Pension risk management strategies have their own implied risks associated with them.

2. Auto enrollment: Two sides to every coin
By Kari Jakobe

Sponsors are often unaware that auto enrollment into defined contribution retirement plans can create very serious issues.

Figure 1: Client’s annual payroll data

Employee Monthly compensation Correct auto enroll begin date Actual deferral begin date Missed months of deferral
Amber A $6,666.67 1/1 12/1 12
Bob B $3,333.33 4/1 12/1 8
Carol C $5,416.67 7/1 12/1 5
Doug D $2,083.33 10/1 12/1 2

Correction calculation*:

Employee Missed deferrals 50% of missed deferrals 100% of missed match Plan rate of return Total correction
Amber A $3,200.00 $1,600.00 $3,200.00 8% $5,184.00
Bob B $1,066.67 $533.33 $1,066.67 8% $1,728.00
Carol C $1,083.33 $541.67 $1,083.33 8% $1,755.00
Doug D $166.67 $83.33 $166.67 8% $270.00

*In this scenario all missed deferrals were started when the error was uncovered December 1.

1. Real insurance for fantasy football
By Leighton A. Hunley

Fantasy football participants might be surprised to know that they can now buy real insurance that provides coverage when players on their teams have season-ending injuries.

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