Description: Health care payment is shifting from the predominant fee-for-service model to value-based models to better control costs and improve quality.

Description: The Health Section Council Chairperson looks back at a historic year for the health care industry, and what it means for health actuaries.

Description: Read the February 2018 issue of Health Watch, published by the Health Section. Practical information for actuaries, articles impact sections, section activities.

Description: This report utilizes a literature review, company survey, company interviews and/or other methods to catalog a listing of common living benefit riders. It was sponsored by the Product Development and Reinsurance Sections along with the Committee on Life Insurance Research. This paper has several goals in relation to each living benefit rider type: to define various living benefit riders, to provide historical sales data and general filing requirements, to explore how underwriting and administration is handled, and to comment briefly on the overall level of claims activity experienced thus far compared to pricing expectations. In addition, it includes a review of the direct and reinsurance pricing implications of the riders to the extent they impact policyholder optionality and base plan financial characteristics. This paper includes perspectives developed through the experience of the authors, and includes executive summaries of a survey conducted by the SOA and Milliman of 34 direct writers, and interviews that Milliman conducted with 8 reinsurers.

Description: Wellness programs are being piloted across the long-term care industry. Review what types of programs exist, when they are deployed, and how to measure their success. By attending this session, you will be able to navigate the hurdles faced by insurers in implementing a successful intervention program for long-term care insurers.

Description: This call for essays seeks to expand and complement the topic areas generated by the recently closed 2020 Living to 100 call for research papers (CFP). While many quality ideas were submitted, the CFP failed to generate many papers focusing on recent old age mortality and mortality improvement trends, and social issues on aging populations. With this in mind, the Society of Actuaries Committee on Living to 100 Research Symposia is issuing this call for essays to gather data, thoughts and opinions on these subject areas: • Recent trends in old age mortality and mortality improvement • How will society care for the elderly in the future and how does it differ from today? • How does society benefit from the elderly currently and how will it change in the future?

Description: Updates on HPC activities, including new work groups for providing input to key players as health care reform moves on from the legislative phase into the regulatory phase, as well as ongoing activities of existing workgroups in financial reporting, long term care, stop loss, disease management, Medicare SUpplement, sovency, cancer claims experience, and risk adjustment.

Description: The administrators of Social Security offset-type defined benefit plans commonly encounter two difficulties when attempting to calculate the Primary Insurance Amount 'PIA' offset. The first difficulty is in obtaining the Social Security earnings history. The second difficulty is in performing the calculation itself. This paper explores the possibility of substituting a variant of the employee's final average salary for his or her Social Security Average Indexed Monthly Earnings 'AIME'. The acceptability of this substitution is then critiqued with illustrations. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: Explore the role of inflation across health products, including medical plans, disability, and long-term care. Explore various drivers of cost trends, wage increase, and cost of care. Understand their role in the pricing and valuation of a product and how to manage the risk.