Health News

Health Solvency Work Group Sends Letter to NAIC on Business Concentration

The Health Solvency Work Group submitted a letter to the NAIC's Health Risk-Based Capital Working Group describing a model that examines administrative expenses within the context of business risk. (November 16, 2012)

Health Care Receivables Factors Work Group Sends Letter to NAIC on Recommendations for Receivables Factors in RBC Formula

The Health Care Receivables Factors Work Group submitted a letter to the NAIC's Health Risk-Based Capital Working Group that provides recommendations for receivables factors in the current RBC formula. (November 16, 2012)

Group Long-Term Disability Work Group Sends Actuarial Guideline to NAIC

The Group Long-Term Disability Work Group submitted a proposed actuarial guideline to the NAIC's Health Actuarial Task Force (HATF) that will be used to provide instructions for the use of the proposed new Group Long-Term Disability Valuation Table. (November 14, 2012)

Final Long-Term Care Practice Note Update Released

The Academy’s Long-Term Care Practice Note Work Group has published an updated practice note relating to long-term care rate stability under the NAIC’s Long-Term Care Insurance Model Regulation.
(October 23, 2012)

HPC Communications Committee Releases New Voter Guide on Medicare Premium Support

The Academy’s Health Practice Council Communications Committee published a new Campaign 2012 voter guide, A Guide to Analyzing the Issues: Medicare Premium Support. The guide is intended to help voters understand what premium support is and the potential implications of shifting Medicare to a premium support program. Read the news release. (October 9, 2012)

Work Group Finalizes Practice Note on Rate Filings Under the ACA

The Academy’s Rate Review Practice Note Work Group published a new practice note on the preparation, review, and disclosure of rate filings under the Affordable Care Act.
(October 9, 2012)

Oct. 31 Webinar: Understanding LTC Rate Stability

Presenters will provide important information for pricing actuaries when completing an actuarial certification related to pricing long-term care insurance policy forms under the rate stability provisions of the NAIC’s Long-Term Care Model Regulation. Register today! (October 9, 2012)

Oct. 12 Webinar: Understanding the ACA—Rate Filing Review and Disclosure

Join members of the Rate Review Practice Note Work Group on Oct. 12 to learn more about the review and disclosure requirements of “unreasonable” rate increases under the Affordable Care Act (ACA). Presenters will provide an overview of the final practice note and answer questions.
(October 1, 2012)

Practice Councils Submit Comments on Corporate Governance Exposure Draft

The Casualty, Life, Health, Professionalism, and Financial Reporting Councils submitted comments to the NAIC’s Corporate Governance Working Group concerning the WG’s Proposed Responses to a Comparative Analysis of Existing U.S. Corporate Governance Requirements. (September 28, 2012)

Decision Brief: Implications of Medicaid Expansion Decisions on Private Coverage

The recent Supreme Court decision gives states the option of whether to implement the Medicaid expansion provision in the ACA. This brief highlights some of the issues that federal and state policymakers and regulators should consider as they are making their Medicaid expansion decisions. (September 10, 2012)

Health Practice Council Sends Letter to Sen. Thune and Rep. Boustany on Long-Term Care

The Academy’s Health Practice Council sent a letter to Sen. Thune and Rep. Boustany to clarify the nature and intent of recent Academy-hosted roundtables focused on addressing the accessibility and affordability of long-term care services. (August 15, 2012)

Presentation to the NAIC: Valuation Morbidity Tables for Long-Term Care Insurance

Bob Yee, chairperson of the Long-Term Care Valuation Work Group, provided an update to the NAIC Long-Term Care Actuarial Working Group on the valuation morbidity tables for long-term care insurance. (August 10, 2012)

Recommendation to the NAIC: Valuation Proposal for a New Group Long-Term Disability Table

Rick Leavitt, member of the Group Long-Term Disability Work Group, offered a final recommendation to the NAIC Health Actuarial Task Force regarding a valuation proposal for a new group long-term disability table. (August 10, 2012)

Work Group Releases for Exposure Rate Review Practice Note

The Rate Review Practice Note Work Group released for a 30-day exposure period a practice note related to the preparation and review of rate filings under the Affordable Care Act. Comments on Actuarial Practices Relating to Preparing, Reviewing, and Commenting on Rate Filings Prepared in Accordance with the Affordable Care Act should be submitted by September 4. (July 23, 2012)

Academy Presents on Long-term Care Reform Options at 2012 NCOIL Summer Meeting

Steve Schoonveld, a member of the Federal Long-Term Care Task Force, presented at the National Conference of Insurance Legislators (NCOIL) Summer Meeting in Burlington, VT on options to reform the long-term care system in the United States. (July 18, 2012)

Comments Submitted to ASB on ASOP 6 Exposure Draft

The Joint Committee on Retiree Health submitted comments to the Actuarial Standards Board on the exposure draft of ASOP 6, Measuring Retiree Group Benefits Obligations and Determining Retiree Group Benefits Plan Costs or Contributions. (July 14, 2012)

Webinar: Health Care Reform After The Supreme Court—An Actuarial Perspective

The Academy’s Health Practice Council hosted a webinar on July 11 to provide actuaries from all practice areas with an analysis of the Supreme Court’s June 28 decision on the Affordable Care Act (ACA). Speakers outlined the decision, discussed the next steps in the federal and state implementation process, and highlighted future Academy activities aimed at the challenge of addressing long-term health costs. Download the presentation slides and audio recording. (July 11, 2012)

Group Long-Term Disability Work Group Submits Report Outline to NAIC

The Group Long-Term Disability Work Group submitted a report outline to the NAIC’s Health Actuarial Task Force (HATF) regarding a valuation proposal for a new group long-term disability table.
(July 6, 2012)

Stop-Loss Work Group Submits Comments on Impact of Stop-Loss Insurance on Small Employers Under ACA

The Stop-Loss Work Group submitted comments to the Employee Benefits Security Administration on small employers' use of stop-loss insurance and how this affects the market for fully insured small health coverage under the Affordable Care Act (ACA).
(July 2, 2012)

Campaign 2012 Toolkit - Making Health Care Reform Work: Why Broad Participation is Necessary (Updated)

The Academy’s Health Practice Council Communications Task Force updated its recent Campaign 2012 voters’ guide, Making Health Care Reform Work: Why Broad Participation is Necessary. The guide is intended to assist voters to understand why broad participation is necessary in the health insurance system to avoid higher premiums. (June 28, 2012)