{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/965/30/#45-other-presentation-matters","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"965","topic_title":"Plan Accounting—Health and Welfare Benefit Plans","subtopic":"965-30","subtopic_title":"Plan Benefit Obligations","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Classifications of Benefit Obligations","paragraphs":[{"citation":"965-30-45-1","para":"45-1","html":"
To the extent they exist, the amounts of benefit obligations in each of the three major classifications identified in paragraph 965-30-35-1 shall be shown as separate line items in the financial statements or notes to financial statements. Regardless of the format selected, the plan financial statements shall present the benefit obligations information in its entirety in the same location.
","snippet":"To the extent they exist, the amounts of benefit obligations in each of the three major classifications identified in paragraph 965-30-35-1 shall be shown as separate line items in the financial statements or notes to fi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e0b0600d2ed14d4ce904d67fcc04b58925628fb1014616dffb5046ecc2a0fec","downloaded_from":"2026-09-10T02:25:24.638Z","last_downloaded_at":"2026-09-10T02:25:24.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480296","source_sha256":"b6289f69a7ba7b23500bb7d6f1410083b3889e5dcade08a7f19e024ce4ac9096"}},{"citation":"965-30-45-2","para":"45-2","html":"
In an insured health and welfare benefit plan, claims payable and currently due and claims incurred but not yet reported to the plan will be paid by the insurance entity. Consequently, they should be excluded from the benefit obligations of the plan. Benefit obligations of a self-funded plan shall present the amount of both of the following:
  1. a
    Claims payable and currently due for active and retired participants, dependents, and beneficiaries
  2. b
    Incurred but not reported claims for active participants.
","snippet":"In an insured health and welfare benefit plan, claims payable and currently due and claims incurred but not yet reported to the plan will be paid by the insurance entity. Consequently, they should be excluded from the be…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69ae189dff570bc39c10dcdb35ed76ca2933742514f1f585cfceb3c276f0d370","downloaded_from":"2026-09-10T02:25:24.638Z","last_downloaded_at":"2026-09-10T02:25:24.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480296","source_sha256":"b6289f69a7ba7b23500bb7d6f1410083b3889e5dcade08a7f19e024ce4ac9096"}},{"citation":"965-30-45-3","para":"45-3","html":"
Incurred but not reported claims for retired participants are included in the postretirement benefit obligation, if separately calculated in accordance with paragraph 965-30-35-1(a).
","snippet":"Incurred but not reported claims for retired participants are included in the postretirement benefit obligation, if separately calculated in accordance with paragraph 965-30-35-1(a).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:68ae97ca1cbe9c151a85574db438e8df21fc0b7740e503f1f1183c21a774e93b","downloaded_from":"2026-09-10T02:25:24.638Z","last_downloaded_at":"2026-09-10T02:25:24.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480296","source_sha256":"b6289f69a7ba7b23500bb7d6f1410083b3889e5dcade08a7f19e024ce4ac9096"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1365f9ce712a998ef5cd7cbf837ab70823c6530dbc4ff84477a512053306cc88","downloaded_from":"2026-09-10T02:25:24.638Z","last_downloaded_at":"2026-09-10T02:25:24.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480296","source_sha256":"b6289f69a7ba7b23500bb7d6f1410083b3889e5dcade08a7f19e024ce4ac9096"}},{"block":null,"heading":"Changes in Benefit Obligations","paragraphs":[{"citation":"965-30-45-4","para":"45-4","html":"
Information regarding changes in the benefit obligations within a plan period shall be presented to identify significant factors affecting year-to-year changes in benefit obligations.
","snippet":"Information regarding changes in the benefit obligations within a plan period shall be presented to identify significant factors affecting year-to-year changes in benefit obligations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea2f5adcaff1a9fb05aaba9702a25e9e4dfffd93e72fa4cf9e0d0058ba1b6c15","downloaded_from":"2026-09-10T02:25:24.638Z","last_downloaded_at":"2026-09-10T02:25:24.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480296","source_sha256":"b6289f69a7ba7b23500bb7d6f1410083b3889e5dcade08a7f19e024ce4ac9096"}},{"citation":"965-30-45-5","para":"45-5","html":"
Changes in each of the three major classifications of benefit obligations (see paragraph 965-30-35-1) shall be presented in the body of the financial statements or in the notes to financial statements; the information may be presented in either a reconciliation or narrative format. Providing such information in the following categories will generally be sufficient:
  1. a
    Claims payable, claims incurred but not reported, and premiums due to insurance entities
  2. b
    Accumulated eligibility credits and postemployment benefits, net of amounts currently payable
  3. c
    Postretirement benefits for the following:
    1. 1
      Retired plan participants, including their beneficiaries and covered dependents, net amounts currently payable, and claims incurred but not reported
    2. 2
      Other plan participants fully eligible for benefits
    3. 3
      Plan participants not yet fully eligible for benefits.
","snippet":"Changes in each of the three major classifications of benefit obligations (see paragraph 965-30-35-1) shall be presented in the body of the financial statements or in the notes to financial statements; the information ma…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5b7145ce805c51ba1ebe153ca4a9a18cf6e8237f5c456e06bac028bf2c4ce308","downloaded_from":"2026-09-10T02:25:24.638Z","last_downloaded_at":"2026-09-10T02:25:24.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480296","source_sha256":"b6289f69a7ba7b23500bb7d6f1410083b3889e5dcade08a7f19e024ce4ac9096"}},{"citation":"965-30-45-6","para":"45-6","html":"
Minimum disclosure regarding changes in benefit obligations shall include the significant effects of all of the following:
  1. a
    Plan amendments
  2. b
    Changes in the nature of the plan (mergers or spinoffs)
  3. c
    Changes in actuarial assumptions (health care cost-trend rate or interest rate).
","snippet":"Minimum disclosure regarding changes in benefit obligations shall include the significant effects of all of the following:\n(a) Plan amendments\n(b) Changes in the nature of the plan (mergers or spinoffs)\n(c) Changes in ac…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c3b9e2f6d208b314fce1200867686284be2c3879a0ad0a2f0e86fbc18b486725","downloaded_from":"2026-09-10T02:25:24.638Z","last_downloaded_at":"2026-09-10T02:25:24.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480296","source_sha256":"b6289f69a7ba7b23500bb7d6f1410083b3889e5dcade08a7f19e024ce4ac9096"}},{"citation":"965-30-45-7","para":"45-7","html":"
Changes in actuarial assumptions are to be considered as changes in accounting estimates and, therefore, previously reported amounts shall not be restated. The significant effects of other factors may also be identified. These include, for example, the following:
  1. a
    Benefits accumulated. Actuarial experience gains or losses may be included with the effects of additional benefits accumulated rather than separately disclosed. If the effects of changes in actuarial assumptions cannot be separately determined, those effects shall be included in benefits accumulated and described accordingly.
  2. b
    The effects of the time value of money (for interest).
  3. c
    Benefits paid.
","snippet":"Changes in actuarial assumptions are to be considered as changes in accounting estimates and, therefore, previously reported amounts shall not be restated. The significant effects of other factors may also be identified.…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:647e0219a2ea9708f2ee22dd2ad1eb81e68501ad0ab0b40e9db40b50b8a36489","downloaded_from":"2026-09-10T02:25:24.638Z","last_downloaded_at":"2026-09-10T02:25:24.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480296","source_sha256":"b6289f69a7ba7b23500bb7d6f1410083b3889e5dcade08a7f19e024ce4ac9096"}},{"citation":"965-30-45-8","para":"45-8","html":"
If presented, benefits paid shall not include benefit payments made by an insurance entity pursuant to a contract that is excluded from plan assets. However, amounts paid by the plan to an insurance entity pursuant to such a contract (including purchases of annuities with amounts allocated from existing investments with the insurance entity) shall be included in benefits paid. Because of the use of different actuarial assumptions, the amount paid by the plan to an insurance entity may be different from the previous measure of the actuarial present value of the related accumulated plan benefits. If that information is available, it shall be presented as an actuarial experience gain or loss. If only the minimum disclosure is presented, presentation in a statement format will necessitate an additional unidentified other category to reconcile the initial and ultimate amounts.
","snippet":"If presented, benefits paid shall not include benefit payments made by an insurance entity pursuant to a contract that is excluded from plan assets. However, amounts paid by the plan to an insurance entity pursuant to su…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:153ba0ed779876ecf2fee752c808688587ae084a79d4727d8727cb74a685e1f1","downloaded_from":"2026-09-10T02:25:24.638Z","last_downloaded_at":"2026-09-10T02:25:24.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480296","source_sha256":"b6289f69a7ba7b23500bb7d6f1410083b3889e5dcade08a7f19e024ce4ac9096"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ad0bdbd48aae2b0428b18e1d64b424096c6c7c3c8ec813041d9355684d3924f5","downloaded_from":"2026-09-10T02:25:24.638Z","last_downloaded_at":"2026-09-10T02:25:24.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480296","source_sha256":"b6289f69a7ba7b23500bb7d6f1410083b3889e5dcade08a7f19e024ce4ac9096"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b264633c4c4ba2171a94efc49f877e8fa5ecf3ac0f392577a27c892c375610f","downloaded_from":"2026-09-10T02:25:24.638Z","last_downloaded_at":"2026-09-10T02:25:24.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480296","source_sha256":"b6289f69a7ba7b23500bb7d6f1410083b3889e5dcade08a7f19e024ce4ac9096"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b264633c4c4ba2171a94efc49f877e8fa5ecf3ac0f392577a27c892c375610f","downloaded_from":"2026-09-10T02:25:24.638Z","last_downloaded_at":"2026-09-10T02:25:24.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480296","source_sha256":"b6289f69a7ba7b23500bb7d6f1410083b3889e5dcade08a7f19e024ce4ac9096"}}