Long-Term Care

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

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)
Update to the NAIC’s Long-Term Care Actuarial Working Group on the Long-Term Care Credibility Monograph Work Group’s progress in drafting a monograph that addresses long-term care credibility. (August 15, 2014)
Policy paper that provides an overview of the current state of long-term care financing and highlights criteria that would need to be considered as any reform of the long-term care system is undertaken. (February 25, 2014)
Joint Academy/SOA LTC Valuation Work Group report that highlights the work group's process in considering the development of an LTC valuation table. (February 12, 2014)
Update to NAIC's Health Actuarial Task Force on the progress of the Long-Term Care principle-based approach model and a timeline for completion. (December 16, 2013)
State Long-Term Care Task Force comment letter to the NAIC's Long-Term Care Valuation Subgroup regarding proposed changes to the NAIC's Health Insurance Reserves Model Regulation. (November 6, 2013)
Presentation to the Southeastern Regulators Association Conference on actuarial implications for long-term care insurance. (October 4, 2013)
Final recommendation to the NAIC's Long-Term Care Actuarial Working Group that a long-term care valuation table is not feasible at this time due to lack of quality data.  (April 5, 2013)
Long-Term Care Terminations Work Group letter to the NAIC regarding the formation of the work group that is charged with gathering data on terminations in long-term care insurance, and outlines its proposed tasks and timelines.  (March 15, 2013)
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)