Description: Proposes setting premiums such that inflation and age could change the premium over time, rather than prefunding. The value may be to change the approach to pricing LTC and improve the risk.

Description: The "Think Tank on Steroids" group at the DI and LTC Insurers’ Forum brainstormed about what the United States should do in order to deal with the impending Long-Term Care problem in the United States. The group’s ideal plan for dealing with Long Term Care can be thought of as a three-legged stool. The legs are private savings and assets (including tax-advantaged LTC savings accounts), Long-Term Care Insurance (including smaller, more affordable products), and support from the family. The Medicaid system ought to be reformed so that it is only available to people who have exhausted all other options. The ongoing Think Tank will continue this conversation and publish a white paper detailing the Think Tank’s solution to the problem.