Long-term care insurance

• Long-Term Care Insurance Fraud, Waste and Abuse Risk Management

  By Robert Eaton | 30 July 2019

  This survey is intended to share insurance company risk management practices and perspectives so that stakeholders may have a common understanding when discussing waste, fraud, and abuse in long-term care insurance.

• Observations on Emergence of Earnings under US GAAP Targeted Improvements

  By François Dauphin, William C. Hines | 01 April 2019

  This paper illustrates the potential impacts of Accounting Standards Update 2018-12, Targeted Improvements for Long-Duration Contracts relative to current US GAAP accounting with respect to four blocks of business: level term insurance, single premium immediate annuities, long-term care insurance and universal life insurance.

• Milliman Combination Product Experience Study

  By Carl A. Friedrich, Allen J. Schmitz | 21 March 2019

  Milliman announces the results of the first-of-its-kind, industry-wide study that examines insurers’ experience with combination products-- those that couple life or annuity policies with Long-Term Care or Chronic Illness riders.

• The Long-Term Care Medical Symposium: Views from experts outside of the LTC industry

  By Michael Fossberg, Shawna Meyer, Robert Eaton | 01 February 2019

  This report aims to provide the long-term care insurance (LTCI) actuary with an environmental context for considering morbidity and other macro factors that may affect LTCI experience in the long term.

• Challenges of runoff LTC and outsourcing to mitigate risk

  By Jeff Anderson, Van Beach | 15 January 2019

  There has been some consolidation in the long-term care (LTC) insurance market, but there are also many orphaned blocks as companies have pivoted away from LTC but retained the risk on their existing policies.

• Case study part 3: Improving financial projections for long-term care insurance with predictive analytics

  By Missy Gordon, Joe Long | 17 August 2018

  This article walks through an illustrative case study for a company that transitions from using traditional techniques to using predictive analytics to develop a claim termination assumption.

• Are Medicare Advantage plans ready for the high costs of long-term care?

  By Christopher J. Giese, Allen J. Schmitz | 12 June 2018

  There are a number of factors that may influence how Medicare Advantage plans offer and price new long-term care benefits.

• Case study part 2: Improving financial projections for long-term care insurance with predictive analytics

  By Missy Gordon, Joe Long | 25 April 2018

  This study dives deeper into how predictive analytics can be used to help overcome some of the challenges in developing accurate financial projections of long-term care insurance.

• Utilization: A review of two projection methods

  By Jeremy Hamilton, Tim F. Kempen | 25 April 2018

  This article focuses on two methods for using current utilization levels to develop utilization assumptions for future durations: an “average utilization” method and a “distribution” method.

• Tax reform impact on LTC insurance and other long-tailed health business: An actuarial perspective

  By Andrew H. Dalton, Allen J. Schmitz | 24 January 2018

  This article gives an overview of the key provisions in the new tax law and provides an actuarial perspective on the effect the new law could have on long-term care insurance and long-tailed health business generally.

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