Members of the Long-Term Care Actuarial Working Group are getting ready to talk about the state of the private long-term care insurance (LTCI) market.
The working group, an arm of the Health Actuarial Task Force at the National Association of Insurance Commissioners (NAIC), plans to meet Nov. 28 in Washington, at the NAIC’s fall national meeting.
The working group will be considering one proposal to address the rate increases by changing the NAIC’s Long-Term Care Insurance Model Regulation, and also a proposal to change the LTCI reserving standards in the NAIC’s Health Insurance Reserves Model Regulation.
Another proposal on the agenda could require carriers to submit LTCI experience data reports.