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Health Actuarial (B) Task Force

2021 Membership

Mission

The mission of the Health Actuarial (B) Task Force is to identify, investigate and develop solutions to actuarial problems in the health insurance industry.

2022 Proposed Charges

Ongoing Support of NAIC Programs, Products or Services

  1. The Health Actuarial (B) Task Force will:
    1. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary with respect to model requirements for appropriate long-term care insurance (LTCI) rates, rating practices and rate changes.
    2. Provide support for issues related to implementation of, and/or changes to, the federal Affordable Care Act (ACA).
    3. Continue to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a principle-based reserving (PBR) framework.
    4. Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual.
    5. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary to other NAIC groups relative to their work on health actuarial matters.
  2. The Long-Term Care Actuarial (B) Working Group will:
    1. Assist the Health Actuarial (B) Task Force in completing the following charges:
      1. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary with respect to model requirements for appropriate LTCI rates, rating practices and rate changes.
      2. Continue to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a PBR framework.
      3. Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual.
  3. The Long-Term Care Pricing (B) Subgroup will:
    1. Assist the Long-Term Care Actuarial (B) Working Group in completing the following charge:
      1. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary with respect to model requirements for appropriate LTCI rates, rating practices and rate changes.
  4. The Long-Term Care Valuation (B) Subgroup will:
    1. Assist the Long-Term Care Actuarial (B) Working Group in completing the following charges:
      1. Continue to develop health insurance reserving requirements (VM-25, health Insurance Reserves Minimum Reserve Requirements) using a PBR framework.
      2. Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual.

2021 Adopted Charges

Ongoing Support of NAIC Programs, Products and Services

  1. The Health Actuarial (B) Task Force will:
    1. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary with respect to model requirements for appropriate long-term care insurance (LTCI) rates, rating practices and rate changes.
    2. Provide support for issues related to implementation of, and/or changes to, the federal Affordable Care Act (ACA).
    3. Continue to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a principle-based reserving (PBR) framework.
    4. Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual.
    5. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary to other NAIC groups relative to their work on health actuarial matters.
  2. The Health Care Reform Actuarial (B) Working Group will:
    1. Assist the Health Actuarial (B) Task Force in completing its charge to provide support for issues related to implementation of, and/or changes to, the ACA.
  3. The Long-Term Care Actuarial (B) Working Group will:
    1. Assist the Health Actuarial (B) Task Force in completing the following charges:
      1. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary with respect to model requirements for appropriate LTCI rates, rating practices and rate changes.
      2. Continue to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a PBR framework.
      3. Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual.

NAIC Support Staff: Eric King

HATF Call 211129

Public Webex Meeting
Monday, November 29, 2021
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT Expected Length of Call: 2 hrs
Webex Link

Meeting in lieu of National Meeting.


Related NAIC Publications

Contacts

Media Inquiries
(816) 783-8909
news@naic.org


Eric King
Health Actuary
816-783-8234

Please see the current Committee List for a complete list of committee members.