“NAIC Prepares to Collect State-by-State LTCI Rate Data,” by Allison Bell, ThinkAdvisor
“State insurance regulators are getting ready to collect data that could shape a dispute over how some states handle requests for long-term care insurance (LTCI) rate increase requests. The National Association of Insurance Commissioners (NAIC) says it plans to pay a contractor $110,000 to collect detailed, state-by-state LTCI rate information. The contractor will begin developing the LTCI rate ‘data call,’ or questionnaire, in February, according to a data call project impact statement posted on the NAIC’s website. A link to the LTCI rate data call fiscal impact statement is available here. The contractor will complete gathering data by June, and report on the results in August, in Minneapolis, at the NAIC’s summer meeting, according to the impact statement. The NAIC is putting the impact statement through a public comment period that ends Jan. 28.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Heads up! The regulators are coming.