NAIC LTCi Task Force Adopts MSA Framework, Wellness Document and Policyholder Communication Checklist

At its recent Fall 2021 National Meeting, the National Association of Insurance Commissioners’ (NAIC) Long-Term Care Insurance Task Force adopted the following items:

  • the revised LTCI Multistate Rate Review Framework (MSA Framework);
  • the LTC Wellness Benefits Document (See Attachment Six of the Meeting Materials, page 65); and
  • the Checklist for Premium Increase Communications (See Attachment Seven of the Meeting Materials, page 82). The MSA Framework will be considered by Exec/Plenary at the 2022 Spring National Meeting.

The Task Force’s goal is to have the MSA Framework fully operational by September 2022. The wellness document and premium increase communication checklist need not go through any additional approval process and will be posted on the NAIC website for regulators to use.

Read an NAIC summary of the meeting.

We previously covered NAIC’s MSA Framework document in an earlier blog post and will continue to bring you updates on this topic.

About the Author: Daniel L. Lewallen

Danny Lewallen helps clients navigate complex transactions and regulations in an ever-changing insurance regulatory landscape. Danny is heavily engaged with the insurance group's government relations and public policy activities. From meeting with regulators to staying on top of the latest state and federal developments, Danny strives to ensure that clients are up-to-date on emerging issues and are able to accomplish their business goals. Visit Daniel’s bio on the Faegre Drinker website.

About the Author: Kacey E. Stotler

Kacey Stotler serves the insurance industry as a public policy advocate and strategic advisor. She helps clients plan and execute government advocacy strategies, understand legislative developments and manage coalitions. Kacey also works on a series of engagements designed to improve health insurance and health insurance access across commercial and government markets. Visit Kasey's full bio on the Faegre Drinker website.

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