Rate Increase

Rate increases on existing Long-Term Care Insurance policies may be sought by an insurance company only if they prove a substantial need based on actuarial reasons and impacting a "class" of individuals. They may never increase a premium to just one policyholder due to changes in health or claim's status.

Today’s Long-Term Care Insurance policies are priced under new rate stabilization rules and other reforms to make the risk of future premium increases much lower.

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