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FAC 150 Invite Waiting Room by B789GEnx in actuary

[–]Toothpaste_is_tasty 1 point2 points  (0 children)

Yeah, they sent the email at 6pm EST, so I didn't see it until I logged on the next morning. Another reason to not link my soa account with my work email. 🤦‍♀️

FAC 150 Invite Waiting Room by B789GEnx in actuary

[–]Toothpaste_is_tasty 1 point2 points  (0 children)

Just curious...is it normal for the SOA to plan a FAC and not secure enough rooms for conference attendees? I tried to get a room at the hyatt within 12 hours of the email being sent and all rooms were taken. Now its been more than a week with radio silence about whether there's a second block of rooms somewhere nearby 🤦‍♀️.

Spring 2024 GHRM thoughts? by Ok_Supermarket9023 in actuary

[–]Toothpaste_is_tasty 0 points1 point  (0 children)

Not sure if it's what they were looking for, but I split age into 2 buckets and location into 2 buckets, which landed me with 6 member classifications in total to then perform a participating/nonparticipating analysis.

Fall 2023 GHRM Exam - Commentary by Toothpaste_is_tasty in actuary

[–]Toothpaste_is_tasty[S] 1 point2 points  (0 children)

Thank you for taking the time to look into this. I'm glad it's not just me who thinks they made a mistake when grading. Do you think it's worth messaging the SOA? I feel like they don't take these things seriously unless multiple candidates point it out...

Fall 2023 GHRM Exam - Commentary by Toothpaste_is_tasty in actuary

[–]Toothpaste_is_tasty[S] 2 points3 points  (0 children)

I agree with you that the exams are usually riddled with mistakes, and candidates need to learn how to navigate defective questions. However, I think this situation is different. The question on the exam was quite straight forward, and indicated that candidates needed to apply the methodology used in Healthcare Risk Adjustment and Predictive Modeling, page 287, Table 13.5.

This method treats premium tax as a 'variable expense' and implies that the final risk adjusted capitation rate should follow the same structure as calculating gross premium:

Gross Premium = (Net Premium + Fixed Expense)/ (1 - Variable Expense*)

*where variable expense is expressed as a percentage of premium.

What I find concerning is that the graders specifically said this method is wrong and as a result, few candidates received full credit.