Tuesday, May 30, 2023
2:00 - 3:00 pm
Eastern Time
Establishing a California Long Term Care Social Insurance Program
Speaker: Stephanie Moench, Principal, Oliver Wyman
ABOUT THE TOPIC:
This session will provide an overview of California’s progress in developing a statewide insurance program for long-term care services and supports. In 2019, AB 567 established a Long Term Care Insurance Task Force (Task Force) with oversight by the California Department of Insurance. The Task Force’s mandate is to assess the feasibility of developing and implementing a culturally competent statewide insurance program for long-term care services and supports in California. Oliver Wyman was retained by the California Department of Insurance in 2021 to support the Task Force’s work. In December 2022, the Task Force unanimously approved the Feasibility Report, which summarizes their recommendations and outlines financial, administrative, and political feasibility considerations. This session will provide an overview of the Feasibility Report along with an update on next steps in California. A copy of the report is available here.
SPEAKER:
Stephanie Moench is a Principal with the Actuarial Practice of Oliver Wyman and co-leads the LTC Practice. She has over 12 years of experience in LTC consulting, specializing in actuarial modeling, assumption development, and model governance. Stephanie has expertise in both traditional LTC and combination LTC products and has worked with a wide range of clients in the areas of pricing, valuation, assumption development, in-force management, wellness, litigation, reinsurance, and risk. Prior to joining Oliver Wyman, Stephanie was a Consulting Actuary at Milliman, where she worked for 10 years. Stephanie is currently part of the Oliver Wyman team supporting the state of California in exploring the feasibility of implementing a statewide LTC insurance program for its residents.
TO ACCESS THE MEETING:
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https://ahip-org.zoom.us/j/85643455180
Meeting ID: 856 4345 5180
Meeting ID: 819 6884 4369
Passcode: 432910
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