Next round of in-force rate action notifications to take place in late April
In late April, 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, 2016.
The 2013 rate action notifications will include John Hancock LTCI individual policies originally issued in Delaware, Louisiana, Mississippi, Texas, South Carolina, North Carolina and New Jersey. Also, we will continue the implementation of the 2013 rate increase in Connecticut and Maryland for policyholders who have received an initial “capped” or “phased-in” increase. Fortis LTCI individual policies originally issued in Delaware, Mississippi, Tennessee and Texas are also impacted.
The 2010 rate action will impact John Hancock LTCI policies that were originally issued in Maine and South Carolina. We will continue the implementation for policyholders who have received an initial “capped” or “phased-in” increase.
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