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NAIC Releases LTCI Fiscal Impact Statement
WASHINGTON (Jan. 13, 2020) — The National Association of Insurance Commissioners (NAIC) has released a Fiscal Impact Statement for a two-week comment period. The fiscal is for funding to conduct a Long-Term Care Information Data Call during the first half of 2020.
The proposed call will be used to gather information on the existence and degree of cross-state subsidization of different approaches when considering rate increases in each state. This is one of the work streams which is part of the Long-Term Care Insurance (EX) Task Force’s work. The members of this team have developed the parameters of the data call but require a consultant to review the data call contents and carry out the call.
A vote to approve the fiscal is expected during the 2020 Commissioners Conference in February.