Committees & Activities

Health Actuarial (B) Task Force
Health Insurance and Managed Care (B) Committee
Cancer Claims Cost Table (B) Subgroup
Group Long-Term Disability Valuation Table Implementation (B) Subgroup
Health Care Reform Actuarial (B) Working Group
State Rate Review (B) Subgroup
Actuarial Value (B) Subgroup
Individual Disability Valuation Table Implementation (B) Subgroup
Joint Long-Term Care Guidance Manual (B) Subgroup
Long-Term Care Actuarial (B) Working Group
Long-Term Care Pricing (B) Subgroup
Long-Term Care Valuation (B) Subgroup
Medicare Supplement Refund Formula (B) Subgroup

Mission

The mission of the Health Actuarial (B) Task Force is to identify, investigate and develop solutions to actuarial problems in the health insurance industry.

2015 Charges

Ongoing Maintenance of NAIC Programs, Products or Services

The Health Actuarial (B) Task Force will:

1. Work with the Society of Actuaries (SOA) and the American Academy of Actuaries (Academy) to develop a replacement for the 1985 Commissioners Individual Disability Income Table. Ensure the Health Insurance Reserves Model Regulation (#10) remains open to accommodate the new table. —Important

2. Work with the Academy and the SOA to develop a replacement for the 1985 NAIC Cancer Claim Cost Tables as the basis for the valuation of individual cancer policies. Request Model #10 be opened to accommodate the new table. —Important

3. Revise model rules for appropriate long-term care rates, rating practices and rate changes. —Important

4. Study the minimum standards applicable to statutory reserves for long-term care insurance. Ensure Model #10 remains open to accommodate any necessary changes to the standards. Begin developing a principle-based framework for a set of minimum standards. —Important

5. Review the Medicare supplement refund formula.—Important

6. Provide support for issues related to implementation of the federal Affordable Care Act (ACA).—Essential

7. Begin to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a PBR methodology. Long-term care should be a priority. Request Model #10 be opened to accommodate the new requirements. —Important

8. Submit VM-25 changes to the Life Actuarial (A) Task Force for publication in the Valuation Manual. —Important

9. Develop long-term care insurance experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual. —Important

10. Provide recommendations as appropriate to address issues and provide actuarial assistance and commentary to other NAIC committees relative to their work on actuarial matters. —Important

NAIC Support Staff: Eric King/Reggie Mazyck

 

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Final committee minutes and Proceedings of the NAIC are available to non–attendees, after adoption at the next national meeting, for free in the PDF format through the NAIC Products & Services website.

Annual and Quarterly Statement Blanks

Annual and Quarterly Statement Instructions
Compendium of State Laws on Insurance Topics
Life and Health Actuarial Subscription
Model Laws, Regulations and Guidelines
Contacts
Media queries should be directed to the NAIC Communications Division at 816-783-8909 or news@naic.org.
Eric King
Health Actuary
816-783-8234
Please see the current Committee List for a complete list of committee members.