Life Health Long-Term Care Planning

Regulators Eye Rules for 600% Long-Term Care Insurance Rate Increases

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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