“In-force LTC Rate Increases Continue, Some Lower Than Actuarially Justified,” by Jason Woleben, Advisor Magazine

“Regulators continue to grant rate hikes for insurers’ legacy blocks of long-term care business, though in some instances the increases are significantly below what are actuarially justified. In total, regulators across 40 states approved 254 rate filings seeking premiums increases during the second quarter, according to information collected by S&P Global Market Intelligence.”

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

Insurers share the pain of premium increases with policy holders. More evidence policy holders are still getting a good deal despite the premium increases.

In-force LTC Rate Increases Continue, Some Lower Than Actuarially Justified

#goldencareagent
#actuarially