Mitigating Long-Term Care Premium Increases
Can my Rates Go Up?
Throughout occasions and most commonly long ago, miscalculations by insurers have led to increased premiums for long-term care policy holders. Although not as common now, if you’ve purchased long-term care insurance a while ago, you have probably by now been hit with some sort of rate increase. The reason for this that most of these policies purchased long ago were severely underpriced due to mis projections on the insurers part. More policholders than expected held on to their policies and made claims, resulting in higher[…]