Description: This paper offers basic, economic and actuarial ideas to improve the balance of cost, access to treatment and quality over time.

Description: A summary of the background, features, and potential pitfalls of the new LTC Experience Reporting Forms, which will soon be required. The new forms are designed to better inform investors, competitors, and regulators about financial performance, reserve adequacy, and relationship between assumptions and experience. Companies are advised to start preparing for the change to the new forms.

Description: The implications of the new long-term care law for individuals, employers, insurers and providers, and the federal government.

Description: This article discusses the problems facing long-term care insurance. These include slowing sales, large premium increases and carriers exiting the market. The author suggests that the public needs to be better educated and that insurers need to find innovative ways to design products that are sustainable, yet sufficiently affordable to be attractive to a wide variety of buyers.

Description: The hybrid Life/LTC and Life / Chronic Illness market is an exciting market that is in its relative infancy. There are many new companies that have just entered, or are considering entering, the hybrid market. Hybrid sales have grown tremendously over the past decade and are still going strong, with annual premium revenue estimated to be above $4 billion per year. The young issue ages for these products, relative to when LTC benefits are paid, means that the claim experience in the industry for these products is still very limited. Additionally, there are many moving parts to these products that present correlated risks and assumptions. The new entrants to the market, limited experience, and the interactions of risks create an environment equipped for vibrant discussions on the product structure, risks, assumptions, and considerations for modeling these hybrid products. The presenters would provide insight into each of these topics through a conceptual discussion, supported by observational data from case study projections and sensitivities.

Description: Discussion of the movement toward principle-based reserves for LTC insurance.

Description: Will the Medicare Modernization Act Jump Start Growth in Employer-Sponsored Long- Term Care Insurance? by Allen J. Schmitz, FSA and Scott A. Weltz, FSA from Long-Term Care Newsletter, April 2004, Issue No. 11.

Description: Full version of Long-Term Care Newsletter, December 2007, Issue No. 20.

Description: The Society of Actuaries (SOA) retained Milliman, Inc. (Milliman) to conduct a research project related to product innovation. This report explores key risks and considerations for product innovation using the long-term care insurance (LTC, LTCI) industry as a case study. We identify how actuaries of all backgrounds can apply the lessons learned, and challenges overcome, by the LTCI industry to improve future innovation, product development and risk management.

Description: The implications of the new long-term care law for individuals, employers, insurers and providers, and the federal government.