Long-Term Care Insurance: An Assessment of States' Capacity To Review ... Medicare Resource Center

Long-Term Care Insurance An Assessment of States' Capacity To Review and Regulate Rates

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State regulation of long-term care insurance premiums plays a key role in ensuring the accurate pricing of policies and, thereby, preventing rate increases. If states fail to devote adequate resources to this function, their regulatory capacity will fail to ensure accurate pricing of these policies. In this AARP Public Policy Institute Issue Paper, Steven Lutzky, Lisa Maria B. Alecxih and Ryan Foreman of the Lewin Group document inadequacies in the state governments' review of long-term care insurance rates. The authors recommend that states require review by an actuary with training in long-term care insurance review the pricing and the assumptions used to set the prices provide consumers with comparative rate guides and information on insurance companies' rate increase histories. (69 pages) Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures

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