Related NAIC Publications

Contacts

Health Actuarial (B) Task Force

Health Insurance and Managed Care (B) Committee

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.

2018 Charges:

The Health Actuarial (B) Task Force will:

1. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary with respect to model rules for appropriate long-term care insurance (LTCI) rates, rating practices and rate changes.


2. Study the minimum standards applicable to statutory reserves for LTCI. Ensure Model #10 remains open to accommodate any necessary changes to the standards. Enhance a principle-based framework for a set of minimum standards.


3. Provide support for issues related to implementation of, and/or changes to, the federal Affordable Care Act (ACA).


4. Continue to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a principle-based reserving (PBR) framework. Request Model #10 be opened to accommodate the new requirements.


5. Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual.


6. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary to other NAIC groups relative to their work on health actuarial matters.

NAIC Support Staff: Eric King

2019 PROPOSED CHARGES

HEALTH ACTUARIAL (B) TASK FORCE

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

Ongoing Support of NAIC Programs, Products or Services

1. The Health Actuarial (B) Task Force will:
   1. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary with respect to model rules for appropriate long-term care insurance (LTCI) rates, rating practices and rate changes.
   2. Provide support for issues related to implementation of, and/or changes to, the federal Affordable Care Act (ACA).
   3. Continue to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a principle-based reserving (PBR) framework.
   4. Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual.
   5. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary to other NAIC groups relative to their work on health actuarial matters.
2. The Health Care Reform Actuarial (B) Working Group will:
   1. Assist the Health Actuarial (B) Task Force in completing its charge to provide support for issues related to implementation of, and/or changes to, the ACA.
3. The Long-Term Care Actuarial (B) Working Group will:
   1. Assist the Health Actuarial (B) Task Force in completing the following charges: 1. Provide recommendations, as appropriate, to address issues and provide actuarial assistance and commentary with respect to model rules for appropriate long-term care insurance (LTCI) rates, rating practices and rate changes.
   2. Continue to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a principle-based reserving (PBR) framework.
   3. Develop LTCI experience reporting requirements in VM-50, Experience Reporting Requirements, and VM-51, Experience Reporting Formats, of the Valuation Manual.
4. The Health Reserves (B) Subgroup will:
   1. Assist the Health Actuarial (B) Task Force in completing its charge to continue to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a principle-based reserving (PBR) framework.