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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.
2013 Charges
Ongoing Maintenance of NAIC Programs, Products, or Services
1. Work with the Society of Actuaries and the American Academy of Actuaries to develop a replacement for the 1985 Commissioners Individual Disability Income Table.—Important
2. Work with the American Academy of Actuaries and Society of Actuaries to develop a replacement for the 1985 NAIC Cancer Claim Cost Tables as the basis for the valuation of individual cancer policies.—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. Begin developing a principles-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 Affordable Care Act.—Essential
7. Work with the Society of Actuaries and the American Academy of Actuaries to develop a replacement for the 1987 Commissioners Group Disability Income Table.—Important
8. 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
9. Open the Health Insurance Reserves Model Regulation (MO #010) to accommodate changes to Long-Term Care Insurance reserving as recommended by the Long-Term Care Actuarial (B) Working Group.—Important |
