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Long-Term Care Actuarial (B) Working Group

2022 Membership

2023 Adopted Charges

The Long-Term Care Actuarial (B) Working Group will:

  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 and VM-51.

NAIC Support Staff: Eric King

Long-Term Care Actuarial (B) Working Group

Public Conference Call
Friday, February 17, 2023
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

The consolidation of the Long-Term Care Pricing & Valuation Subgroups into the LTCAWG

Revising / expanding the “Consolidated, Most Commonly Asked Questions – States’ LTC Rate Increase Reviews” that are the questions encouraged to be asked by states or the MSA filing team to avoid 50 states asking 50 different sets of questions. (Appendix B of  https://content.naic.org/sites/default/files/documents/ltci-msa-framework.pdf),

Discussion of the MSA actuarial methodology approaches (Texas and Minnesota, Appendix C of  https://content.naic.org/sites/default/files/documents/ltci-msa-framework.pdf)


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.