LTC New Business Rate Refresh and Benefit Changes for Additional States
Last year, Mutual of Omaha began implementing new rates and benefit option changes to the MutualCare® Solutions Portfolio in approved states.
Effective March 1, 2021, we will be implementing these changes in four additional states.
IMPACTED STATES: Arizona, Connecticut, Indiana and Vermont
RATE ADJUSTMENTS – Premium adjustments may vary by age, sex and benefit selection. You may view the new rates by referring to the quoting software beginning March 1, 2021.
CASH BENEFIT CHANGES
- MutualCare® Custom: 25% of home health care benefit up to initial maximum of $2,000 per month
- MutualCare® Secure: 25% of home health care benefit up to initial maximum of $2,000 per month
PARTNER PREMIUM ALLOWANCE CHANGES
- Both Issued: 15%
- One Issued: 5%
For important transition rules, and timing of quoting software, materials and forms updates, see below:
LTC New Business Rate Refresh and Benefit Changes for Additional States
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