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Long-Term Care
Printer-friendly versionFederal and state long-term care issues, including the CLASS Act and LTC pricing/valuation.
HPC letter to President Obama and congressional leaders urging them to appoint an actuary to the new Commission on Long-Term Care that was enacted as part of the American Taxpayer Relief Act of 2012. (January 10, 2013)
Presentation at the NAIC Senior Issues Task Force Long-Term Care hearing at the 2012 Fall National Meeting on actuarial implications for long-term care insurance. (December 6, 2012)
Update by the Long-Term Care Practice Note Work Group of the 2003 Long-Term Care Practice Note relating to long-term care rate stability. (October 23, 2012)
Health Practice Council letter to Sen. Thune and Rep. Boustany clarifying the nature and intent of recent Academy-hosted roundtables focused on addressing the accessibility and affordability of long-term care services. (August 15, 2012)
Update to the NAIC's Health Actuarial Task Force on the progress of long-term care valuation morbidity tables, including what has been accomplished as well as next steps. (August 10, 2012)
Federal Long-Term Care Task Force presentation to the 2012 NCOIL Summer Meeting on options to reform the long-term care system in the United States.
(July 18, 2012)
Exposure draft of the long-term care rate stability practice note. (June 8, 2012)
Federal Long-Term Care (LTC) Task Force letter to NCOIL in response to a request for information on strategies to reduce costs related to LTC coverage. (April 27, 2012)
Joint work group of the SOA Long-Term Section Council and the Academy’s Federal Long-Term Care Task Force letter to HHS Secretary Sebelius regarding the department’s extension of the Genetic Information Nondiscrimination Act (GINA) to long-term care insurance in proposed regulations. (October 13, 2011)
Co-chairperson of the Joint Academy/Society of Actuaries CLASS Act Task Force Steve Schoonveld presentation on the Community Living Assistance Supports and Services (CLASS) program before the National Conference of Insurance Legislators (NCOIL) Summer Meeting in Newport, RI. (July 16, 2011)
Community Living Assistance Services and Supports (CLASS) Act Task Force testimony to the U.S. House Committee on Energy and Commerce Subcommittee on Health regarding the CLASS program. (March 17, 2011)
Long-Term Care Practice Note Work Group letter to the NAIC regarding the formation of a new work group in charge of updating the Academy's 2003 practice note, Long-Term Care Insurance Compliance with the NAIC LTCI Model Regulation Relating to Rate Stability. The letter also outlines the proposed tasks and timeline for completion. (February 17, 2011)
Steven Schoonveld presentation before the July 11 National Conference of Insurance Legislators (NCOIL) Summer Meeting. The presentation focuses on educating lawmakers about the CLASS Act (the new voluntary, long-term care services program). (July 11, 2010)
Letter to NAIC regarding the joint Academy State LTC Task Force and SOA Valuation Committee project to develop and recommend valuation morbidity tables for long-term care insurance. (February 22, 2010)
Federal Long-Term Care Task Force letter to the Senate Committee on Health, Education, Labor and Pensions regarding actuarial issues and policy implications on the the Community Living Assistance Services and Supports Act (CLASS Act). (July 22, 2009)
LTC Principle-based Work Group presentation providing an update to the A&HWG and requesting feedback on work to date by the LTC Principle-based Work Group. (March 31, 2007)
State LTC Task Force Principles-based Valuation Subgroup presentation to the NAIC Life and Health Actuarial Task Force discussing the current valuation of LTC policies, potential sources of changes to the valuation of LTC policies, and key concerns for LTC.
(June 1, 2006)
Subgroup on LTC Experience Forms letter that addresses several issues raised by the NAIC in response to the Academy's Long-Term Care Experience Subgroup's May 20, 2005 letter with proposed revisions to the LTC experience reporting instructions and forms. (August 18, 2005)
Letter to the NAIC from the LTC Experience Forms Subgroup on proposed LTC loss experience exhibit forms (Forms 1, 2, and 3) along with the proposed instructions. This was updated in August 2005 in a subsequent letter to NAIC. (May 20, 2005)
Supplement to the June 2004 report to the NAIC with a recommendation for a new long-term care RBC formula. (September 1, 2004)
