Long Term Care Discussion Group
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The Long Term Care Discussion Group

A voluntary independent group that meets solely for the purpose
of educating the policy community on all facets of long term care

 
 
Potential for Medicaid Savings from New Long Term Care Financing Products:
LifeStage and Retirement Plus
 
Speakers:   
Brian Ulery, LTCG
Vincent Bodnar, Genworth

 
October 25, 2018
11:00 am – 12:00 pm

America’s Health Insurance Plans (AHIP)
601 Pennsylvania Avenue NW
South Building, Suite 500

DIAL IN: 866-396-1316
Code: 202-778-3202

You must RSVP for attendance for in person or by telephone.
Please see instructions below 
 
 
 
Emerging from the Society of Actuaries (SOA) Long Term Care Think Tank in 2015 were two new product concepts designed to be affordable for the middle market.  Since then, both concepts (LifeStage and Retirement Plus) have been developed further, including both qualitative and quantitative market testing.  Both products showed strong market potential, reported on elsewhere. 

(See:  Long Term Care and the Middle Market and Results from a Society of Actuaries’ Consumer Research Study. )
 
Another important consideration for the market feasibility of these products is the impact they might have on realizing savings to Medicaid, especially given that both products hope to include some component of tax-favored treatment in their design.  This session focuses on the modeling that has been done under a variety of scenarios to explore the potential for Medicaid savings under the current environment (no tax preferred treatment) and under two more favorable tax scenarios.  The discussion also illustrates the impact on tax revenue under the various scenarios.
 
About the Speakers:
 
Brian Ulery is the Principal Consulting Actuary at LTCG.  He has 25 years of experience in pricing, valuation, financial analysis, reinsurance and financial projections, with 16 years in LTC insurance.  Prior to joining LTCG, he was Vice President with Transamerica Life Insurance Company.  Brian also worked for Nationwide Financial primary focusing on Life Insurance. He also worked for Great American Financial Resource and Citi Corp focusing on Supplemental Health and Credit Insurance Products.   He earned his Bachelor of Science in Math with a minor in Business Administration from Ohio University in 1993. He is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.
 
Vince Bodnar has been Senior Vice President of Product Management at Genworth Financial, Inc. since August 2017, where he is responsible for the design, development and management of Genworth's product portfolios.  Prior to joining Genworth Financial, Vince led several actuarial consulting practices that have focused on long term care at firms such as the Long Term Care Group, Willis Towers Watson, Milliman and KPMG.  He is recognized as one of the leading LTC insurance experts in the country, with almost 30 years of experience with the product. In fact, he has a stellar reputation as a leader in his field and a visionary with a strong grasp of market trends and opportunities. He has served as Chairperson of the Intercompany Long-Term Care Insurance Conference in 2007 and 2011 and has twice served as Chairperson of the Society of Actuaries’ Long Term Care Insurance Section and Co-Chair of the Society of Actuaries Long Term Care Think Tank.  Vince was recently named one of the 20 Most Creative People in Insurance by National Underwriter.
 
 
HOW TO RSVP (you cannot RSVP by replying to this email):
 
You must RSVP in order to attend by phone or in person by sending an email to ltcdiscussiongroup@gmail.com.  . 
 For those participating by telephone, the meeting materials (once available) will be posted at our website: http://www.ltcdiscussiongroup.org on the PRESENTATION MATERIALS page. 
 
 
Long Term Care Discussion Group Co-Chairs:
Susan Coronel, John Cutler, Melissa Favreault, Wendy Fox-Grage,
Ruth Katz, Karl Polzer, and Eileen J. Tell
 
Long Term Care Discussion Group meetings are intended as forums for candid discussion. 
Dialogue and comments made during these meetings should be treated as off the record.
 
For more information about the Long Term Care Discussion Group, and for materials and information relating to previous meetings,
visit www.ltcdiscussiongroup.org
 



  
 
 
Long Term Care Discussion Group
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