The Long-Term Care Reform Subcommittee's COVID-19 Work Group issue brief on COVID-19’s potential short-term and long-term impacts on long-term care insurance (LTCI), with a focus on key actuarial and economic assumptions impacting standalone LTCI policies.
( )The Long-Term Care (LTC) Valuation Work Group gave a presentation to the National Association of Insurance Commissioners’ (NAIC’s) LTC Actuarial (B) Working Group on the work group’s progress on the NAIC’s requests that the work group develop a replacement mortality table for LTC active life reserves, develop a replacement lapse table, and consider developing tables for valuation on total lives basis as well as active lives basis.
( )The Long-Term Care (LTC) Valuation Work Group presentation to NAIC’s LTC Actuarial (B) Working Group as part of the NAIC Summer 2020 Virtual National Meeting.
( )Issue brief on the evolving marketplace and regulatory environment of long-term care insurance (LTCI).
( )The Long-Term Care Valuation Work Group presented updates on the mortality and lapse tables development.
( )Work Group Long-Term Care Combination Product Valuation Practice Note to provide information to actuaries on current and emerging practices in which their peers are engaged with respect to the considerations in the statutory, Generally Accepted Accounting Principles (GAAP) and tax valuation of long-term care combination products.
( )Members of the LTC Reform Subcommittee submitted comments following their discussion with the Federal Interagency Task Force on Long-Term Care Insurance (LTCI) earlier this year. These comments reiterate and expand on their original discussion including addressing regulatory hurdles to innovation.
( )This presentation was given to the Long-Term Care (LTC) Actuarial Working Group of the National Association of Insurance Commissioners as an update on the LTC Valuation Work Group's recent activity.
( )This presentation was given to the Long-Term Care (LTC) Actuarial Working Group of the National Association of Insurance Commissioners on the LTC Combination Product Valuation Practice Note currently exposed for comment.
( )Medicaid and Long-Term Care Insurance Work Group issue brief exploring the potential for catastrophic long-term care costs as a major financial risk especially facing older Americans and to help clarify the options currently available for dealing with it.
( )Exposure draft of practice note to provide a source of information to practicing long-term care (LTC) actuaries seeking to better understand the considerations in evaluating experience, setting assumptions, valuation, and financial reporting. (
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Long-Term Care Valuations Work Group update to NAIC's Long-Term Care Actuarial Working Group on the progress of the groups activities. (
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Identifying issues commonly raised in favor of and against recoupment of past losses in various situations. (
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Committee comments on proposed legislation to add a long-term care benefit to the Medicare program, evaluating in terms of financing, benefits, and coordination with other programs. (
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Presentation to the National Conference of Insurance Legislators about long-term care and sales and premium increase data; understanding premium rate increases; and essential criteria in LTC reform. (
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Presentation at the SOA Health Meeting examining essential criteria for LTC reform proposals. (
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LTC Reform Subcommittee comment letter to the Maryland Insurance Administration Public Hearing on Long-Term Care Insurance. (
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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. (
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LTC Criteria Work Group issue brief examining the essential criteria that should be used to analyze long-term care (LTC) financing reform proposals. (
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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. (
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