Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace.

We will be implementing the following inforce rate adjustments effective February 1, 2022:

Effective Date	States Impacted	Policy Forms Impacted	Benefit Period	2022 Rate Increase	2023 Rate Increase
3/1/2022	Georgia	LT50, NH50, HCA, NHA and LTA	Non-Lifetime	15%	N/A
3/1/2022	Georgia	LT50, NH50, HCA, NHA and LTA	Lifetime	15%	N/A
3/1/2022	Michigan	LT50, NH50, HCA, NHA and LTA	Non-Lifetime	30%	N/A
3/1/2022 3/1/2023	Michigan	LT50, NH50, HCA, NHA and LTA	Lifetime	30%	27.5%
3/1/2022	Nebraska	LT50, NH50, HCA, NHA and LTA	Non-Lifetime	25%	N/A
3/1/2022 3/1/2023	Nebraska	LT50, NH50, HCA, NHA and LTA	Lifetime	25%	25%
3/1/2022 3/1/2023	Oklahoma	LT50, NH50, HCA, NHA and LTA	Non-Lifetime	15%	13.04%
3/1/2022 3/1/2023	Oklahoma	LT50, NH50, HCA, NHA and LTA	Lifetime	15%	15%

Policyholder Notification Process
Policyholders will receive a letter notifying them at least 60 days prior to the premium rate increase effective date as outlined above.

Along with the premium rate increase notification letters, most policyholders will receive an adjustment offer if there are options available. The offer will provide the policyholder a benefit reduction alternative to help reduce the impact of the premium increase.

Tools Available
Additional resources are available on Sales Professional Access, including:

• Historical rate adjustment information by policy form on the Rate Adjustment page.
• A list of impacted policyholders on the Reports page.

For a complete list of affected policy forms as well as additional key information, please review the FAQ.

Long-term care insurance is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come.
 

Inforce Long-Term Care Insurance Rate Adjustments Effective March 1, 2022
 

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