Beginning June 12, 2023, Nationwide began implementing a price improvement across all scenarios for the current CareMatters® II product. It represented a price decrease for all scenarios, which varies by the characteristics of the case.
This price improvement required state approvals; thus, the rollout of the price improvement took several months. We’re pleased to announce that we now have approval for the repricing in all states including California.
The pricing improvement in California is effective April 1, 2024.
YourLife CareMatters® in New York will not be affected by this change.
In addition, to make CareMatters II more accessible to more clients, Nationwide has lowered the minimum LTC benefit from $2,500 a month to $1,500 a month. The minimum is $1,550 in California. The states of Wisconsin, South Dakota and Vermont also require higher minimums.
Please see the Transition Guidelines for more details and applicable states where this change is taking effect.
