Health News

The Long-Term Care (LTC) Principle Based Reserve (PBR) Work Group presented its final report to the NAIC’s Long-Term Care Actuarial Working Group (B). (April 5, 2016)
The Risk Sharing Subcommittee presented an update to the Health Actuarial Task Force (B) on its report about the risk adjustment program. (April 5, 2016)
The Premium Review Work Group sent a letter to CCIIO with comments on the 2017 unified rate review template (URRT) and instructions. (March 30, 2016)
The Health Solvency Subcommittee sent a letter to the NAIC’s Health Risk-Based Capital (E) Working Group with comments on Proposal 2016-01-H’s individual premiums and claims footnote. (March 28, 2016)
The Medicare Subcommittee sent a letter to the Senate Finance Committee with comments on the Bipartisan Chronic Care Working Group’s Policy Options Document. (January 26, 2016)
The LTC Principle-Based Reserves Work Group sent its final report on a principle-based approach model to the NAIC's Long-Term Care Actuarial Working Group. (January 21, 2016)
The Individual Disability Tables Work Group sent its final report and documentation on a recommended new statutory valuation standard basis for morbidity to the NAIC's Health Actuarial Task Force. (January 21, 2016)
The Academy continued its dialog with insurance regulators on a wide variety of issues, including long-term care insurance, automobile insurance, risk-based capital, and principle-based reserving at the National Association of Insurance Commissioners 2015 Fall National Meeting held November 19-22 at National Harbor, outside of Washington, DC. Read the Academy Alert here.  (November 25, 2015)
The Individual Disability Tables Work Group (IDTWG) presented updated incidence modifiers report for use in active life reserve calculations for employer-sponsored disability income policies along with a corresponding memo to the chair of the Health Actuarial Task Force.
(November 18, 2015)
The Long-Term Care Terminations Work Group (LTCTWG) sent their final report to the NAIC's Long-Term Care Actuarial Working Group on terminations for long-term care (LTC) insurance. (November 18, 2015)
The Cancer Claims Cost Tables Work Group presented to the NAIC's Health Actuarial Task Force the produced graduated valuation tables, and sample reserve calculations.
(November 18, 2015)
The Medicare Supplemental Work Group sent answers concerning questions regarding the work group’s recommendations on modifications to the Medicare supplement refund formula.
(November 10, 2015)
The Health Solvency Subcommittee provided an update on the evaluation of asset risk in the health risk-based capital (HRBC) formula.
(November 9, 2015)
The Financial Reporting and Solvency Committee submitted a comment letter to the NAIC's Emerging Accounting Issues (E) Working Group on the “ACA Risk Corridors Collectability” exposure draft.  (October 30, 2015)
The Academy's Health Practice International Committee released a new 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)
The Long-Term Care (LTC) Reform Subcommittee released issue briefs on LTC insurance portability, product design flexibility, and pricing flexibility as part of its new series on LTC issues. (October 23, 2015)
The Medicare Subcommittee released an issue brief that examines the potential for Medicare Advantage plans to improve quality of care at lower prices as part of its Medicare@50 series. (October 23, 2015)
The Academy held a forum on issues surrounding aging securely at the U.S. Capitol that explored long-term care, lifetime income, and the sustainability of public programs like Medicare and Social Security. (October 23, 2015)
The Active Benefits Subcommittee sent a letter to the IRS regarding Notice 2015-52 on the excise tax for high-cost employer-sponsored health coverage under the Affordable Care Act (ACA). (October 1, 2015)
The Premium Review Work Group sent a letter to CCIIO with suggested changes to the unified rate review template (URRT) and rating methodology. (September 22, 2015)