Rising long-term care insurance (LTCI) rates are making work for members of the Senior Issues Task Force.
Members of the task force, an arm of the National Association of Insurance Commissioners (NAIC), Kansas City, Mo., are thinking more about the definitions state insurance regulators need to oversee LTCI rate change requests.
Some LTC insurers say they need to increase rates because claims experience has been worse than expected.
During the NAIC’s fall meeting in National Harbor, Md., the task force received two proposals for adverse experience definitions, according to the panel’s meeting minutes.