Many individuals that have long-term care insurance policies are beginning to receive letters in the mail notifying them that that their insurance premiums are going up by 50%, 70%, or more in some cases. This is after many of the same policyholders have experienced similar size premium increases just a few years ago. In this article I’m going to explain:
• Why this is happening
• Are these premium increases going to continue?
• Options for managing the cost of these policies
• If you cancel the policy, alternative solutions for managing the financial risk of a LTC event
Medicaid Trust Video: https://youtu.be/iBVQtrGiUso