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Jan. 13, 2020

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. 

Information about this project is available on Comments on the fiscal are due to by Jan. 28, 2020.