Description: What you need to know about risk scores to be competitive in the Medicare Advantage market.

Description: Retirement readiness planning is difficult because the value of a person's future Social Security benefits is uncertain, given the need for reform.

Description: The standard for measuring retirement income adequacy has been the final earnings replacement rate (usually targeted at 70%). But - does it work?

Description: Story of how Canada reformed its social security pension plan in the 1990's

Description: Longevity insurance benefits are deferred annuities that begin payment at advanced older ages, such as at age 82. With a longevity insurance benefit, the problem of asset decumulation with uncertain life expectancy is simplified. Instead of planning for an uncertain period, retirees can plan for the fixed period from the date of their retirement to the date at which they start receiving the longevity insurance benefit. Originally, Social Security was structured as a longevity insurance benefit program, with roughly 50 percent of those entering the workforce surviving to receive the benefits. Over time, however, as life expectancy has improved, Social Security benefits have slowly transformed into benefits that most people entering the work force ultimately receive. While adding longevity insurance as a new benefit when Social Security is already facing a financing deficit would be problematic, reintroduction of a longevity insurance benefit a s part of Social Security reform package that involved benefit cuts could be an important policy innovation.

Description: This is an editorial warning about the escalating costs of Medicare as outlined in the 1983 Annual Report of The Board of Trustees of The Federal Hospital Insurance Trust Fund. The editorial ends with a question asking what the actuarial profession, and its members individually, ought to be doing that they aren’t already doing?

Description: This article is a review and discussion of the 1976 “Report of the Consultant Panel on Social Security to the United States Congressional Research Service.” The report contains the results of another government-initiated study of the OASDI system which puts forth a second solution to a problem first publicly identified by the 1975 Advisory Council on Social Security, a problem which has come to be known as the “decoupling issue.” Because the solution proposed by the actuaries and economists making up this consultant panel is significantly different from that of the Advisory Council, this report has inspired some degree of friendly debate among actuaries and others interested in the technicalities of the OASDI benefit formula. Panel members are Peter A. Diamond, James C. Hickman, Ernest J. Moorhead, and William C. Hsiao, Chairman.

Description: This article summarizes the presentations by the Society of Actuaries and the Academy of Actuaries at the January 2015 National Academy of Social Insurance (NASI) Roundtables in Washington DC. SOA presented on the 2014 SOA monograph series "The Link between Retirement Security and Long-Term Care."

Description: Diverse Risks 2016 Call for Essays

Description: The article is a series of question and answers related to microinsrance with the editors of the book "Actuaries in Microinsurance".