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2025 Membership (PDF)

2025 Charges

1. 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 requirements for appropriate 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 PBR framework.
      3. Develop LTCI experience reporting requirements in VM-50 and VM-51, Experience Reporting Formats, of the Valuation Manual.
      4. Monitor and evaluate the actuarial approach used in the multistate actuarial (MSA) rate review process as outlined in the MSA Framework document, and make modifications, as appropriate. Additionally, monitor and evaluate the progress of the MSA rate review process and the state insurance department rate review actions related to the MSA Framework.