In late December, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the 2008, 2010, and 2013 in-force rate actions, which will have an effective date beginning with anniversaries on or after March 1, 2016.
The 2013 rate action notifications will include John Hancock LTCI individual policies originally issued in Arkansas, Kentucky, and Oregon. Also impacted are policies in New Mexico where, for most products, we will continue the implementation of the 2013 rate increase for policyholders who received an initial “capped” increase, and begin the implementation for other products. Fortis LTCI individual policies originally issued in Nevada, Maryland and Washington are also impacted. The 2010 rate action will include policies originally issued in Maryland, as we will continue the implementation and begin notifications for additional products. The 2008 rate action will include Fortis LTCI individual policies originally issued in Massachusetts. Please click here for complete details.