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Regulators Eye Rules for 600% Long-Term Care Insurance Rate Increases
By
Allison Bell
News October 03, 2024 at 02:41 PM
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What You Need To Know
- For some policyholders, current premiums may be five or six times higher than what they were originally.
- Insurers say they have an obligation to keep blocks of LTCI business solvent.
- Texas regulators say big rate increases may do more to cause policy lapsation than to improve block solvency.
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