In late March, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after July 1, 2018.
The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in Connecticut and Pennsylvania. Also impacted are John Hancock LTCI individual Interstate Compact approved policies in Maryland, Minnesota, Nebraska, Ohio, Pennsylvania and Utah.
The 2013 rate action notifications will include Fortis LTCI individual policies originally issued in Illinois. Finally, we will continue the implementation of the 2013 rate increase in Delaware, Maryland, Mississippi, New Jersey and South Carolina for John Hancock LTCI policyholders who have received an initial “capped” or “phased-in” increase.
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