Retiree Medical Benefits
Findley Davies' Actuarial Services team offers a wide variety of retiree medical plan consulting services. Our consultants have a broad knowledge base and years of experience that allow them to assist you with all of your retiree medical plan needs.
For private-sector employers, we perform accounting expense calculations under the Financial Accounting Standards Board's (FASB) Accounting Standards Codification (ASC) 715-60 and disclosure calculations under ASC 715-20. For governmental employers, we perform similar calculations under Governmental Accounting Standards Board (GASB) Statements 43 and 45. In addition, Findley Davies' actuarial consultants perform actuarial valuations for plans that report their financial results under the FASB's ASC 965 (formerly Statement of Position (SOP) 92-6).
Beyond accounting valuations, we also provide plan design consulting, perform actuarial attestation calculations for Medicare Part D, prepare creditable coverage notices, and assist with preparation of filings for retiree drug subsidy reimbursements from the Centers for Medicare & Medicaid Services (CMS).