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The revised ASOP No. 28, Statements of Actuarial Opinion Regarding Health Insurance Assets and Liabilities, takes effect July 1, 2022. Speakers, who were involved in the revision, discussed changes that practitioners should be aware of. 

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During this virtual briefing, members of the committee who drafted the issue brief walked through the factors actuaries might consider in the premium rate-setting for 2023. 

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Attendees gained insights into the recently released annual Medicare and Social Security trustees’ reports during this webinar, which featured prominent actuaries overseeing the two programs.

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During this webinar, our presenters provided a framework through which regulators, insurers, and other interested parties, may think about the relationship of benefits to premiums for insureds facing a LTCI premium rate increase, including those who accept a rate increase and those who do not.

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Speakers led a discussion to distinguish correlation from causation; identify the limitations of predictive models to demonstrate causation; discuss challenges of relying only on correlations; and explore important considerations and areas of collaboration for industry and regulators.