The cost of waiting: Predicting long-term care rate increases
By Dawn E. Helwig
21 November 2014
Recent financial challenges in the private long-term care (LTC) industry have led many companies to discontinue new sales or, as most companies have done, to introduce rate increases on their existing blocks of business, which has met with resistance from regulatory agencies. Because LTC insurers face potential ramifications when their original pricing assumptions are not met and because delayed rate increases have a significant effect on company sustainability, there is a need for immediate and cohesive regulatory action so that the rate increase landscape can become more predictable and efficient.
About the Author(s)
Dawn E. Helwig
The cost of waiting: Predicting long-term care rate increases
Setbacks in the private long-term care (LTC) industry have led many insurers to discontinue new sales or to raise rates on existing business. This Contingencies article argues that regulatory action is needed now.
Dawn Helwig