Description: The likelihood that an executive will require some type of extended custodial or medical support—and the cost of that care—keep rising. In fact, the odds of an individual experiencing the need for a LTC claim are 120 times greater than losing his or her house because of a fire or other catastrophic loss, according to the American Healthcare Association.

Description: Long-Term Care Insurance Coverage: Educating Clients and Evaluating Its Merits as an Investment An Actuary’s Solution to the Consumer’s Dilemma by William A. Dreher from Long-Term Care Newsletter, December 2004, Issue No. 13.

Description: A comment letter to policymakers produced jointly by the SOA and AAA presents findings from their actuarial analysis of the proposed CLASS Act. The analysis indicates that the proposed structure and funding approaches will be unsustainable, and will cover only a very small proportion of the intended population. The opt-out and guaranteed issue provisions of the plan pose a risk that soon the program will either need increased premiums and/or significant reductions.

Description: This article defines LTC insurance and looks at the advantages large employers have to gain from group LTC. From Long-Term Care News, March 2006, Issue No. 17.

Description: The author discusses the Genetic Information Nondiscrimination Act of 2008 GINA and its ultimate effect on the long-term care industry in general, and on current and future insureds, specifically.

Description: We see a problem in the long-term care insurance industry because we don’t have a standard process. The majority of agents and advisors, who sell a variety of products, are often at a loss for what to do with LTCI.

Description: A summary of concerns about the Community Living Assistance Services and Supports Act, including flaws in the underlying premises, opportunism, inadequate sales incentives, insufficient benefits, adverse selection, and cashflow and solvency issues.

Description: Rhode Island’s unique “global Medicaid waiver” pursues a potentially dangerous national policy trend: long-term care LTC rebalancing without strong eligibility controls. Resulting cost overruns could seriously damage the state’s social safety net. To maximize the global waiver’s opportunity, minimize its danger, and become a LTC financing model for the country, policy makers need to recognize the issues discussed in this report and pursue the recommended additional research and analysis.