Webinar: Thursday, January 16, 2020, at 1 PM - 1:45 PM Eastern
- The concepts of selection bias and risk adjustment
- The implications and justification for applying risk adjustment
- The methodologies involved in setting employer contribution rates and application of risk adjustment
- Illustrative examples in the application of risk adjustment
Faculty: Benjamin J. Diederich, FSA, MAAA, Consulting Actuary, Milliman
Need a Printable Form? Download a registration form you can fax or mail
Employees value choice when it comes to health benefits. When employers facilitate these choices, the method for setting employee premium contributions can create selection bias toward certain options. Selection bias happens when a sicker and more costly population tends to choose one option over another. In order to reduce the selection bias, employers should adjust each option for morbidity. Risk adjustment is used to adjust applicable costs of two or more cohorts of people so all cohorts can be compared as if each had the same morbidity.
Understanding the concepts and methodologies surrounding setting employer plan contribution rates, and the application of risk adjustment in setting contribution rates is important not only for employer health benefit managers and benefit consultants, but also is critical knowledge for stakeholders impacted by this process, including health plans, third party administrators, health systems and provider networks in commercial risk-sharing arrangements and solutions providers working with these stakeholders.
In this session, Milliman helps to provide a deeper understanding of the concepts of selection bias and risk adjustment, the methodologies involved in setting contribution levels without and with risk adjustment, and insights and implications of the application of risk adjustment in various settings.
Please join us on Thursday, January 16, 2020, at 1 PM Eastern as Milliman's Ben Diederich shares strategies and methodologies for overcoming bias in employee plan selection by incorporating risk adjustment in setting employer plan contributions, in this special 45-minute HealthcareWebSummit event: Addressing Plan Selection Bias With Risk Adjustment: Milliman Insights on Morbidity and Employer Contributions.
In addition to the main faculty presentation, this event includes a fun whiteboard drawing format opening video, a brief moderated faculty interview, and concluding live audience questions and answers. The day before the event, you'll receive login information, including downloadable companion presentation slides.
Just after the event, you'll receive a follow-up request for feedback, also offering an opportunity to provide any final questions that can be forwarded to the faculty. Also, if you need support before, during or after the event, you can contact HealthcareWebSummit staff at any time.
After attending this webinar, attendees will be able to:
- Understand the concepts of selection bias and risk adjustment in the context of setting employer health plan contributions
- Explore the implications and justification for applying risk adjustment in these settings
- Examine the methodologies involved in setting employer contribution rates and the application of risk adjustment to those rates in contrast to non-risk-adjusted rates.
- Analyze illustrative examples in the application of risk adjustment
- Consider the implications of risk adjustment in mixed funding arrangements
- Engage in interactive learning through online question submission, attendee feedback and opportunity for post-event follow up questions.
Interested attendees would include:
- C-Suite Executives
- Health Benefit and Human Resources Managers
- Finance Executives and Staff
- Marketing Executives and Staff
- Actuarial Executives and Staff
- Product Development Executives
- Managed Care Executives and Staff
- Planning and Strategic Executives and Staff
- Analytics Executives and Staff
- Business Intelligence Staff
- Other Interested Parties
Attendees would represent organizations including:
- Health Plans
- Third Party Administrators
- Benefit Consultants
- Solutions Providers
- Health Systems and Provider Networks
- Associations, Institutes and Research Organizations
- Other Interested Organizations
Individual Registration Fee: $150. Post-event materials, with webinar video, plus presentation pdf file: $45 for attendees; $215 for non-attendees after the event. Register above or download a registration form.
You can also register by phone: 209.577.4888. Corporate Site licensing also available. We look forward to your attendance!
Benjamin J. Diederich,
Ben Diederich is a Consulting Actuary with Milliman in their Seattle office. and has served with Milliman since 2006. His actuarial consulting experience covers a wide range of clients relating to health insurance issues.
Prior to that, Ben served for a decade with Aetna Global Benefits, including the last five years as Director of Global Benefits Actuarial and Underwriting, leading a team of actuarial analysts and underwriters. Previously with Aetna he was Global Benefits Actuarial and Underwriting Manager, performing reserve analysis, pricing, product development, and oversight of actuarial and underwriting functional teams.
Ben received his undergraduate degree from Oregon State University, and is a fellow in the Society of Actuaries, and a Member of the Academy of Actuaries.