Spring 2024
Summary
The SOA has released changes effective for the Spring 2024 sitting of FSA Group and Health Exams. The updated syllabi can be found here:
The overall trend we noticed from the changes is that the syllabi are shrinking in size (more content is being removed than new content is being added).
GHDP has the following changes:
- Removed - The Essentials of Managed Healthcare textbook was removed entirely. This removed 2 chapters from Plan Provisions and Government Programs, and 1 chapter from Manual Rates. The last time this textbook was tested was the GHFVU Spring 2022 Sitting (Q6 and Q12c), before it was moved to the GHDP exam. Overall, this textbook was not a major part of the syllabus and was not frequently tested.
- Removed - Pricing Critical Illness Insurance in Canada (a study note from the Manual rates section). This was a fairly small study note, and had only been tested once in the past (GHADV Spring 2018 Q3).
- Added - 1 new website: Critical Illness Turns 40!. This website is fairly short.
- Added - 1 new Excel model (details TBD): Calculated Risk: Driving Decisions Using the 5/50 Research. We will update this post as soon as we know more about this item.
- Updated - The Medicare Part D Prescription Drug Benefits (study note from the Plan Provisions and Government Programs section) was slightly updated.
- Added - 1 new study note / Excel model (details TBD): Retiree Health Benefits - Accounting and Valuation Assumptions. However, this will not be tested until Fall 2024.
Note: While it looks like more was removed than added to the syllabus, the items that were removed were not tested frequently.
GHRM has the following changes:
- Removed - The Handbook of Employee Benefits textbook was removed (6 chapters from the Employee Benefit Strategy section). However, 2 of these chapters were migrated into a single study note, so effectively only 4 chapters were removed from the syllabus.
- Removed - Chapter 18 of Life & Health and Annuity Reinsurance (study note from the Risk Adjustment section). This was a fairly long section, with a large amount of testable content.
- Removed - Value Based Pharmacy: A Canadian Example (study note from the Provider Reimbursement section). A fairly short study note that was not frequently tested.
- Removed - Chapter 16 the Canadian Handbook of Flexible Benefits (study note from the Employee Benefit Strategy section). A fairly short section overall.
- Added - 1 new website: Restoring the Indifference Ideal: If It’s Not Adjusting for “Risk,” It’s Not “Risk Adjustment”. This website is of medium length.
Overall, a lot more was removed from GHRM than was added.
GHVR has no syllabus changes.