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Long-Term Care Actuarial (B) Working Group

2025 Membership (PDF)

2025 Charges

  1. 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 and VM-51, Experience Reporting Formats, of the Valuation Manual.
      4. Monitor and evaluate the actuarial approach used in the multistate actuarial (MSA) rate review process as outlined in the MSA Framework document, and make modifications, as appropriate. Additionally, monitor and evaluate the progress of the MSA rate review process and the state insurance department rate review actions related to the MSA Framework.
Long-Term Care Actuarial (B) Working Group

Long-Term Care Actuarial (B) Working Group
Saturday, November 16, 2024
2:00 PM - 3:30 PM MT

Gaylord Rockies Hotel—Aurora Ballroom C/D—Level 2

Long Term Care Actuarial (B) Working Group Virtual Meeting

Public Conference Call
Friday, February 21, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

Purpose:  Discuss comments received on the Alternate Proposal for revised cost-sharing factors associated with the MSA Framework’s Single LTCI Multistate Rate Review Approach.

 


Long Term Care Actuarial (B) Working Group Virtual Meeting

Public Conference Call
Monday, January 13, 2025
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 1 hr
Webex Link

Continue discussion of adjustments to haircut percentages and cumulative rate increase ranges of the cost-sharing formula used in the MSA Framework’s Single LTCI Multistate Rate Review Approach.


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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.