Description: This is an article about claims and the growing impact they have on insurance companies financially.

Description: Preview of the December 2007 issue of the LTC Section news, including articles on individual claims, retrospective reserve testing, population health management, Alzheimers, psychiatric medication, and the latest LTC Experience Committee report.

Description: Chairperson's corner article communicating the accomplishments and next steps for the LTC Section Council.

Description: A discussion of the positive and negative impact of the CLASS Act on the long term care insurance industry.

Description: French Long Term Care Insurance overview.

Description: Read the August 2018 issue of Long-Term Care News published by the Long Term Care Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: The basics and importance of the utilization assumption for long-term care insurance.

Description: Stakeholders in a specific state (Minnesota) were interviewed about the potential value -- and obstacles -- of a catastrophic backstop program to handle long term care (LTC) financing needs. The design would entail a payroll deduction which would produce a fund to pay LTC expenses once a deductible period (of 1 to 4 years, depending on income) was reached. This design was believed to encourage enrollees to cover the front end better than done today, whether by private insurance or other means.

Description: Article examines consistency across different underwriting manuals for LTCI.

Description: For a long time the primary focus of private LTC insurance companies has been to educate the public about the need for private LTC insurance and to make the product more acceptable to a wider population. To this end there have been numerous changes to the product design to make this product more acceptable to general population. However, one of the things that may have been overlooked in those product design changes is the need for alignment of policyholder and insurance company’s interests, which is to make coverage more affordable and to reduce adverse selection. Incentivizing good behavior from policyholders can not only make LTC insurance policies less expensive but also help policyholders make better health choices, which can help them stay healthy for a longer time. These incentives may also reduce some of the inherent risks in a long term care policy and may help in increasing the sales of private LTC insurance.