Inforce LTCi Rate Adjustments Effective February 1, 2023

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, 2023*:

Impacted Policy Forms Impacted States
LTC04G Alabama, Alaska, Hawaii, Massachusetts, Nebraska, New Jersey, Pennsylvania, South Carolina, Virginia
LTC04I7 Puerto Rico
LTC04I Delaware and Puerto Rico
LTC09M Delaware and Puerto Rico
LTC09U Delaware
LT50, NH50, HCA, NHA and LTA Maine, Nevada, New Mexico

* The state of Maine requires a 90-day notification period for all policyholders. Therefore, the effective date for the affected ME policies indicated above will be March 1, 2023.

For details on yearly rate adjustment percentages, view the supplemental grid here.

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:

  • A list of impacted policyholders on the Reports page will be available on or before Friday, 11/18
  • Historical rate adjustment information by policy form on the Rate Adjustment 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.

For any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083.

Inforce LTCi Rate Adjustments Effective February 1, 2023