Description: Most actuarial explorations of increased longevity have, quite understandably, focused on its direct financial implications for things like health care costs, retirement systems, and social security or other public policy provisions. But future life extension has many other potential implications, both direct and indirect, for various socioeconomic factors, which in turn have the potential to affect the actuarial valuation of future risk contingencies. This paper examines a sampling of the socioeconomic issues emerging from the possibility of substantially increased longevity. Because of the complexity and interrelatedness of these issues, actuarial and risk modeling of this prospective environment could be a significant challenge.

Description: The Society of Actuaries' health leadership met earlier this year for an all-day meeting in Chicago. A significant portion of that meeting was spent discussing current challenges facing the U.S. health care system and how the SOA can best serve its members by addressing top priority issues. The Actuary Magazine, April/May 2005

Description: A web page introducing a research report that analyzes experience transition rates between Long Term Care claim settings over the course of a claim.

Description: The Society of Actuaries has released the results of an initiative to produce Long Term Care basic experience rate tables for claim incidence, claim termination, and claim utilization. Three multiplicative models have been developed, one for each of three tables that will calculate rates that vary by a number of product and policyholder attributes. The resulting rates are a product of a base rates and factors for each of the product and policy holder characteristics that were determined to be significant drivers. A report describing the development, usage and limitations of the models and rates has been made available to accompany the models.

Description: This year’s Survey, its sixth year, further reflects the impact of health care reform and the resulting prevalence of unlimited lifetime maximums on stop loss coverage. Of surveyed plans, 88% report such coverage –a steep increase from 13% in 2010. About half pair an unlimited lifetime with an interim annual maximum of $5 million or less. Premiums continue to rise (to no surprise)and are 60% to 70% higher than levels reported in our initial Survey in 2007. The primary focus of the Survey, current premium rates, is shown in the following graphs and tables.

Description: This memorandum is a supplement to the Long Term Care Experience Basic Table (“Experience Table”) that was published bythe Society of Actuaries (“SOA”) in April 2015 and revised in July 2015.

Description: This session discusses how managed care affects the cost and pricing of health care. Included is a discussion of inadequate development and use of practice standards practicing differently for patients covered by different insurers and the malpractice crisis. From the Record of the Society of Actuaries, Volume 29, No. 3, Session 59

Description: Panelists discuss the various styles of underwriting being used in both the individual and the group long-term-care markets. From the Record of the Society of Actuaries, Vol. 25, No. 2.

Description: Presented at October 2000 Annual Meeting. The panel presents the status of recent legislative proposals and current election debates, and then focuses more attention on the potential longer-term directions for the health-care system.

Description: The panel at this session of the SOA 1989 Chicago Spring Meeting discusses managing ambulatory care [i.e. outpatient], physician visit frequency, multiple testing, defensive medicine and how physicians function in a manged care environment.