In August 2012, we announced our intention to seek premium rate increases on certain blocks of comprehensive long term care insurance policies. We will begin implementing the rate increase in Mississippi February, 2013 as indicated in the chart below.
Servicing agents will receive a list of their impacted policyholders in this state in the next two weeks. Policyholder notifications will begin one week following the mailings to servicing agents and will continue throughout the next year. Impacted policyholders will be notified at least 60 days in advance of their billing anniversary dates.
Mississippi
Product Series
Increase Percentage for Policies with Limited Benefit Periods
Increase Percentage for Policies with Lifetime Benefit Periods
Pre-PCS
25% on Limited Benefit Period
25% on Lifetime Benefit Period
PCSI
25% on Limited Benefit Period
25% of Lifetime Benefit Period
PCSII
25% on Limited Benefit Period
25% on Lifetime Benefit Period
PCSIII/Choice
25% on Limited Benefit Period
25% on Lifetime Benefit Period