Compass

Hancock Long Term Care Updates (6/28/17)

First round of 2016 and next round of 2013 in-force rate action notifications to take place in late July.

In late July, JH 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, 2017.

The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in Wyoming. The 2013 rate action notifications will include John Hancock LTCI individual policies originally issued in Illinois. JH will continue the implementation of the 2013 rate increase for John Hancock individual policies originally issued in Minnesota, Nevada and Oregon, as well as Fortis LTCI individual policies originally issued in Illinois and Michigan, for policyholders who received an initial “capped” or “phased-in” increase.

 

See complete details.