Long-term care insurance

• Is your spouse contagious?

  By Allen J. Schmitz, Ali Yeager, Jeremy Hamilton | 22 November 2019

  How does spousal contagion influence long-term care needs?

• 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.

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