“LTCI Policyholders Should Try to Put Up With Rate Hikes: Jesse Slome,” by Allison Bell, ThinkAdvisor

“Long-term care insurance (LTCI) policyholders who can afford to pay higher premiums should probably take a deep breath when the premiums go up and keep their current LTCI coverage in place. LTCI policyholders who can’t afford to pay the increased premiums should try to keep as much of the coverage in place as possible, by accepting one of the premium increase alternatives the issuer offers, or by calling up and ask if the insurer will consider allowing some other arrangement. Jesse Slome, the director of the American Association for Long-Term Care Insurance (AALTCI), gives that advice in a new commentary.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Sensible advice.