NAIC’s Long-Term Care Insurance (B) Task Force Issues Recommendations for 2025 Charges

The NAIC’s Long-Term Care Insurance (B) Task Force (“Task Force”) has issued its recommendations for 2025 charges, which would disband the Task Force and reallocate the Task Force and the Long-Term Care (B) Working Group’s work to other related task forces.

The Task Force recommended that it be disbanded as of December 31, 2024, advising that based on the work it has already done to improve the multistate actuarial (“MSA”) rate review process, as well to research reduced benefit options and related consumer notices, both those initiatives would be better served by, and align with the work of, other NAIC task forces.