Actuarial Bid Training - 2021
The Actuarial Bid Training provides industry actuaries with program and technical guidance for preparing Medicare Advantage and Medicare Prescription Drug Bids for contract year (CY) 2021. The training consists of the following nine sessions with information that is recommended for all actuaries preparing or certifying CY 2021 bids (See Related Links below):
- Actuarial Bid Training Introduction
- Introduction to Bidding
- Base Period Experience, Data Aggregation, and Credibility
- Medicare Advantage Pricing Considerations for Dual-Eligible Beneficiaries
- Risk Score Development
- Bid Pricing Reviews and Bid Audits
- Non-Benefit Expenses and Gain/Loss Margin
- Related-Party Arrangements
The first session provides a brief introduction to bid training. Sessions two and three provide a basic overview of the Medicare Advantage and Part D programs and bid forms for actuaries and other interested parties. Sessions four through nine provide detailed program and technical guidance for preparing CY 2021 Medicare Advantage and Part D bids for certifying actuaries, with focus on policy and other significant bidding topics.
No registration is required to access the prerecorded training materials. The training can be independently viewed online at any time after the posting date as a webcast. In addition to the training sessions, all the training slides are available in one file for printing (See Downloads below).