NAIC Releases Long-Term Care Insurance Study
Paper addresses market issues, innovations and regulatory concerns

WASHINGTON, D.C. (May 25, 2016) — The National Association of Insurance Commissioners (NAIC) today published a new study, The State of Long-Term Care Insurance: The Market, Challenges and Future Innovations. The report includes contributions from state regulators, consumer advocates, academics and insurance industry executives.

Developed by the NAIC’s Center for Insurance Policy and Research (CIPR), the study explores key issues facing the long-term care insurance market. It provides a detailed overview of the state of the long-term care insurance market, the economics and benefits of private long-term care insurance, the future demand of improved long-term care insurance, long-term care reform proposals and regulation of long-term care insurance rates.

“Long-term care insurance has dramatically evolved in the past few years and consumers have struggled to keep up with changes in price and the insurance product itself,” said Teresa D. Miller, Pennsylvania Insurance Commissioner and chair of the Long Term Care Innovation (B) Subgroup. “This informative study considers the broader impact of the market on long-term care insurance and contemplates the future for this market.”

The CIPR’s report complements and supports the new Long Term Care Innovation (B) Subgroup created by the Senior Issues (B) Task Force. The subgroup is charged with examining the future of financing long-term care and the role the private market should play.

About the NAIC

The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. For more information, visit

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