John Hancock – Long Term Care Updates

 

From John Hancock

Next round of in-force rate action notifications to take place in late July

In late July, 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 November 1, 2021.

The 2019 rate action notifications will include John Hancock LTCI individual policies originally issued in Illinois and Virginia.

The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in Alabama, Idaho, Illinois, Maryland, North Carolina, Vermont and Washington. The 2016 rate action notifications will also include Fortis LTCI individual policies originally issued in Idaho and Minnesota as well as the continued implementation of the 2016 rate increase for Fortis LTCI individual policyholders in Iowa who received an initial “capped” or “phased-in” increase.

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