Author: Jamie Campisi

Jamie Campisi provides strategic guidance to clients as they navigate the legal complexities of the insurance industry. As a summer associate with the firm, Jamie assisted with a range of matters, including the development of institutional guidelines and a handbook for supporting employees undergoing a gender transition to ensure the client’s compliance with applicable laws. She served as a clerk for Justice Barry T. Albin of the Supreme Court of New Jersey prior to returning to the firm, and was a judicial extern for Chief Judge Jose L. Linares of the U.S. District Court for the District of New Jersey during law school. Visit Jamie’s bio on the Faegre Drinker website.

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.

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Long-Term Care Insurance: Wellness Program Impacts on Claims and Health Outcomes

Insurance partner Nolan Tully and associate Jamie Campisi recently coauthored an article for LexisNexis Practical Guidance that discusses how wellness programs can be used to potentially prevent, delay or lower the severity of long-term care claims and improve health outcomes.

They give an overview of the wellness programs, noting that they are largely focused on pre-insurance-claim intervention but that services can be provided to healthy, at-risk and on-claim populations alike. Nolan and Jamie provide examples of wellness initiatives, including engagement initiatives, support wellness interventions and care wellness programs.

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LTCi Carrier Secures Dismissal of Class Action Case Alleging ERISA Violations Stemming from LTC Insurance Premium Rate Increases

A federal judge has dismissed a putative class action case brought by a plaintiff asserting ERISA violations against The Prudential Company of America (“Prudential”) and Tufts University (“Tufts”), stemming from premium rate increases to an ERISA group long-term care insurance plan sponsored by plaintiff’s employer, Tufts, and issued by Prudential.

On July 12, 2022, United States District Judge Richard Stearns granted Tufts and Prudential’s respective motions to dismiss the action, Parmenter v. Prudential Insurance Company of America, et al., No. 1:22-CV-10079, Dkt. No. 43 (D. Mass. July 12, 2022), which was originally filed on January 20, 2022 in the United States District Court for the District of Massachusetts.

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COVID-19 Continues to Impact Attitudes About Long-Term Care, New Survey Shows

As we continue to grapple with the effects of COVID-19 across the country, many Americans believe it is now more important than ever for people to have a long-term care (LTC) plan (88%) and LTC insurance (86%), per the 10th Annual Nationwide Retirement Institute^® Long-term Care survey released in mid-November.

However, nearly half of adults across all age groups (45%) say they have not had a conversation about LTC planning with anyone and only 8% have spoken about it with a financial professional. Moreover, industry data show that only 15% of Americans (mostly older consumers) have purchased LTC insurance. The survey also revealed that many adults misunderstand what products actually provide LTC coverage because 25% of adults self-reported that they own a LTC insurance policy. Millennials are the most likely to claim that they currently own LTC insurance (39%), but most say that they bought the insurance at work, evidencing a likely misconception among adults confusing long-term disability insurance with LTC insurance. The survey thus highlights in multiple places the trend of the disparity between knowing the importance of preparing for LTC needs, and actually preparing for those needs.

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