JoeRetire wrote: ↑Wed Jun 13, 2018 12:52 pmResident of MA. Bought it in 2014 - no increases in premiums so far. Mutual of Omaha.WoW2012 wrote: ↑Wed Jun 13, 2018 12:47 pmIt depends upon the state you were a resident of when you bought the policy and when you bought the policy. Also, there are some group policies (e.g. the federal long-term care insurance program, CalPERS, WERS, and other self-funded groups) that do not comply with the Rate Stability Regulation. If you bought a policy from the FLTCIP or CalPERS or WERS, then your policy is not protected by the Rate Stability Regulation.JoeRetire wrote: ↑Wed Jun 13, 2018 10:55 amIt's nice to hear from someone who understands the (admittedly complex) details of insurance, and in particular LTCi, rather than folks who just parrot headlines or bullet points that they don't really comprehend.
How can I find out if my policy is protected by the Rate Stability Regulation or not?
Ask the agent you bought your policy from. He/she should know.
I was hoping there would be some phrase in the policy that would indicate compliance with the Rate Stability Regulation?
I'll try to hunt down the agent...
Massachusetts is one of 9 states that has not enacted the Rate Stability Regulation.
You've got a great company, though.