SOA – FSA Health Track Changes – Fall 2019

The SOA announced upcoming changes to the FSA exams, and there are significant changes on the horizon for GH Core and GH Advanced.

https://www.soa.org/curriculum-changes/fsa-track-changes/

Here’s how I understand it:

A. Current Process:

-Core Exam (5 hrs)
-Advanced Exam (5 hrs)
-Specialty Exam (2 hrs) or ERM Exam (4 hrs)

B. New Process: (as of Fall 2019)

-DP Exam (5 hrs)
-FV Exam (5 hrs)
-Specialty Exam (2 hrs) or ERM Exam (4 hrs)

C. Transition Period – Fall 2019 – Spring 2021:
DP and FV exams are split, so you can get credit if you already passed Core (C) or Advanced (A). If you haven’t passed C or A, then you must pass the full DP and full FV exams. If you already passed both C and A, you won’t need to take DP or FV.

Already Passed Core, but Not Advanced – given transitional credit for DP-C and FV-C

-Must take BOTH FV-A and DP-A in the same sitting (next sitting)
-If you pass FV-A, but not DP-A, you get full credit for FV, and now only need to take DP-A the next sitting
-If you pass DP-A, but not FV-A, you get full credit for DP, and now only need to take FV-A the next sitting
-If you pass both, you now have credit for FV and DP

Already Passed Advanced, but Not Core – given transitional credit for DP-A and FV-A

-Must take BOTH FV-C and DP-C in the same sitting (next sitting)
-If you pass FV-C, but not DP-C, you get full credit for FV, and now only need to take DP-C the next sitting
-If you pass DP-C, but not FV-C, you get full credit for DP, and now only need to take FV-C the next sitting
-If you pass both, you now have credit for FV and DP

End of Period
-Transitional credits expire by the end of Spring 2021 – if you don’t have full DP credit (DP-C + DP-A), you have to take the full DP exam (and same for FV)

D. Module Change:
-Health Economics module will replace Financial Economics module

I will keep you updated as I learn more.

-Derek