States affected include: AL, AK, CA, ID, IA, LA, MD, MN, MT, NH, ND, OK, SC, SD and UT.
Next round of 2010 in-force rate action notifications to take place in late February
In late February, we will begin policyholder notifications on the next round of policies impacted by the 2010 in-force rate action, which will have an effective date beginning with anniversaries on or after May 1, 2014.
John Hancock LTCI individual policies in previously announced states are impacted: policies originally issued in Maryland that have received an initial “capped” increase, and additional policies originally issued in Alabama, Alaska, California, Idaho, Iowa, Louisiana, Minnesota, Montana, New Hampshire, North Dakota, Oklahoma, South Carolina, South Dakota, and Utah. Fortis LTCI individual policies originally issued in Virginia are impacted as well. Read the full article for more information.
Please note: Also in late February, we will begin including a 2013 rate action disclosure in certain 2010 rate action notifications. Click here for more information.