“Long-Term Care insurance facing major pricing shift,” by Michelle Singletary, Washington Post

“Rather than keeping premiums steady for several years and then having to impose huge double-digit rate hikes, Genworth, one of the largest providers of long-term care insurance, wants to be have the ability to change premiums annually, reports Forbes contributor Howard Gleckman.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
The Washington Post regurgitates the Forbes column we reported in an April 6 LTC Clipping: “We May Be About To See A Big Change In How Long-Term Care Insurance Is Priced.” Kudos to Genworth for a creative approach to the premium increase problem that even this anti-LTCI Forbes contributor had difficulty dissing.

Long-Term Care insurance facing major pricing shift