Long-Term Care

Federal and state long-term care issues, including the CLASS Act and LTC pricing/valuation.

Laurel Kastrup, chairperson of the Academy’s Health Financial Reporting and Solvency Committee, testimony at a U.S. House Subcommittee on Government Operations hearing on the federal long-term care insurance program. (November 30, 2016)
LTC Criteria Work Group issue brief examining the essential criteria that should be used to analyze long-term care (LTC) financing reform proposals. (November 29, 2016)
Long-Term Care (LTC) Credibility Monograph Work Group presentation on increasing the awareness of the applicability of credibility procedures to LTC insurance-related work, providing information on current practices, and outlining considerations and suggestions for advancing actuarial practice in LTC insurance. (August 25, 2016)
Long-Term Care (LTC) Credibility Monograph Work Group monograph on increasing the awareness of the applicability of credibility procedures to LTC insurance-related work, providing information on current practices, and outlining considerations and suggestions for advancing actuarial practice in LTC insurance.
(August 17, 2016)
LTC Reform Subcommittee issue brief providing an overview of premium rate increases on private long-term care insurance policyholders. (June 2, 2016)
LTC Reform Subcommittee comment letter to the Maryland Insurance Administration Public Hearing on Long-Term Care Insurance. (April 28, 2016)
Long-Term Care (LTC) Credibility Monograph Work Group update presentation to the NAIC’s Long-Term Care Actuarial Working Group (B). (April 5, 2016)
Long-Term Care (LTC) Principle Based Reserve (PBR) Work Group presentation of its final report to the NAIC’s Long-Term Care Actuarial Working Group (B). (April 5, 2016)
LTC Principle-Based Reserves Work Group final report on a principle-based approach model to the NAIC's Long-Term Care Actuarial Working Group. (January 21, 2016)
Long-Term Care Terminations Work Group final report to the NAIC's Long-Term Care Actuarial Working Group on terminations for long-term care (LTC) insurance.
(November 18, 2015)
Health Practice International Committee issue brief exploring the similarities and differences with respect to long-term care reform in Austria, Germany, Israel, Japan, Korea, the Netherlands, and the U.S. (October 29, 2015)
Long-Term Care Insurance: Portability
Long-Term Care (LTC) Reform Subcommittee issue brief exploring observations and challenges in LTC insurance portability, which is part of its new LTC series. (October 23, 2015)
Long-Term Care Insurance: Product Design Flexibility
Long-Term Care (LTC) Reform Subcommittee issue brief that examines the limited role played by private insurance in financing long-term care services and supports, which is part of its new LTC series. (October 23, 2015)
Long-Term Care Insurance: Pricing Flexibility
Long-Term Care (LTC) Reform Subcommittee issue brief exploring observations and concerns about pricing in LTC insurance, which is part of its new LTC series. (October 23, 2015)
Individual Disability Tables Work Group comments on the “The Individual Disability Valuation Standard Report” of the Joint American Academy of Actuaries/Society of Actuaries Individual Disability Tables Work Group. (July 22, 2015)
Long-Term Care Terminations Work Group presented an update to NAIC’s Long-Term Care Actuarial Working Group on the progress in gathering data on terminations for long-term care insurance. (March 27, 2015)
Presentation to NAIC’s Long-Term Care Actuarial Working Group on the Long-Term Care Principle-Based Work Group’s progress on developing a principle-based approach model and a timeline for completion. (March 27, 2015)
Long-Term Care Credibility Monograph Work Group’s progress update in drafting a monograph that addresses long-term care credibility and a timeline for completion to the NAIC’s Long-Term Care Actuarial Working Group. (March 27, 2015)
Update to NAIC’s Long-Term Care Actuarial Working Group on the progress in gathering data on terminations for long-term care insurance. (August 15, 2014)
Update to NAIC’s Long-Term Care Actuarial Working Group on the Long-Term Care Principle-based Work Group’s progress on developing a principle-based approach model and a timeline for completion. (August 15, 2014)