Yes, long term care insurance rates can increase, unless they are issued as "guaranteed rates." The Federal Program does not include guaranteed rates.
Your premium under the Federal Program will not change because you get older or your health changes or for any other reason related solely to you. However, your premiums may increase if you are among a group of enrollees whose premium is determined to be inadequate.
Of course, if you elect an increase in your benefits (such as with the Future Purchase Option), your premium would increase accordingly.
The Office
of Personnel Management (OPM) requires the FLTCIP insurer(s)
to use the
National Association of Insurance Commissioners (NAIC) model
pricing guidelines. The purpose of the NAIC guidelines is to improve premium stability and avoid or limit the need for future rate increases.
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