Description: The Society of Actuaries (SOA) retained Milliman, Inc. (Milliman) to conduct a survey on the impact of COVID-19 on Long-Term Care (LTC) insurance mortality, voluntary lapse, and morbidity experience. The results of this survey, which was conducted from November 2020 through January 2021, are presented in this report.

Description: This document is the third Intercompany Study of the Society of Actuaries Long Term Care Experience Committee. Previous reports were published January 1995 and February 2000. This report, as well as the previous two, has data gathered that dates back to 1984. Data has been combined and analyzed from eighteen organizations 21 insurers that provided information to further the knowledge of long term care insurance.

Description: This research report examines functional and cognitive trends among assisted living facility residents using a sample of long-term care policyholders who are making claims on their policies.

Description: With the evolution of long term care benefits in the insurance space, how does a customer know what product to choose? This webinar will present various ways someone can protect themselves with LTC insurance policies and riders.

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: This webcast will provide a foundational overview of LTC, including its role in the current health care system, the growing costs and demand, and recent legislative activity in the U.S. Gain firsthand insights from the director of the WA Cares Fund—the nation’s only state-based social insurance program for long-term care—covering its design, funding, and implementation. We’ll also broaden the perspective with an overview of international approaches, featuring the Dutch long-term care financing model as a case study. This webcast is ideal for anyone seeking to understand the evolving public policy and financing solutions for long-term care needs in the U.S. and abroad.

Description: A brief description of the issue's contents.

Description: Column from the SOA staff actuary for the Long-Term Care Section.

Description: This article discusses the expansion of benefits supporting long-term care services in Medicare Advantage plans

Description: Report on the activities of the Academy’s health practice council and its work groups.