Long-Term Care Approved Rates for 2024

Continental Casualty Company

1. Policy Forms: P1-N0080-A19, P1-N0081-A19, P1-N0085-A19, P1-N0086-A19, P1-N0095-A19, P1-N0096-A19, P1-N0100-A19, P1-N0101-19. (SERFF: CNAB-134091978)

A 52.1% rate increase phased in over three years at 15% each year, for Lifetime Benefit Period policies with Automatic Increase Benefit option.

A one-time 15.0% rate increase for Non-Lifetime Benefit Period policies with Automatic Increase Benefit option.

The Company originally requested a 263.3% and 40.6% for Lifetime Benefit Period and Non-Lifetime Benefit Period with Automatic Increase Benefit option, respectively.

Approved 12/9/2024
Proposed Effective Date: The rate increase will apply to policies on their next premium due date following a notification period at least as long as required by the State of Maryland following approval.

Allianz Life Insurance Company of North America

1. Policy Forms: 10-P-Q-MD (SERFF: ALLB-134077726)

A 20.0% rate increase phased in over two years, at 15% for Year 1 and 4.3% for Year 2, for Benefit Period 2 - 4 Year

A 30.0% rate increase phased in over two years, at 15% for Year 1 and 13.0% for Year 2, for Benefit Period 5 - 8 Year

A 38.0% rate increase phased in over three years, at 15% for Year 1, 15% for Year 2 and 4.3% for Year 3, for Lifetime Benefit Period

The Company originally requested the same increases as above.

Approved 12/9/2024
Proposed Effective date: The increase would be effective on a policy's next anniversary following the approval/implementation date. Policyholders will be notified at least 60 days prior to the effective date of their increase.

MedAmerica Insurance Company

1. Policy Form: SPL-336 (SERFF: MILL-133994107)

A 32.25% rate increase phased in over two years at 15% each year, for all policies with auto inflation option.

No increase for policies with Non-Auto inflation option

The Company originally requested a 151.9% rate increase for all policies

Approved 11/18/2024
Proposed Effective Date: The rate increase will apply to policies on their next premium payment date following at least a 60‐day policyholder notification period following being filed for use by the Department of Insurance.

MedAmerica Insurance Company

2. Policy Forms: LTC-CD8-MD, LTC-CD9-MA-MD, NTQ11-337-MA-MD-601, LTQ11-336-MA-MD-601, LTQ11-336-MA-MD-1100, HTQ11-338-MA-MD-601 (SERFF: MILL-134031441)

A 52.1% rate increase phased in over three years at 15% each year for all policies with lifetime benefits,

A 32.25% rate increase phased in over two years at 15% each year for policies with non-lifetime benefit / Auto Inflation

No increase for policies with non-lifetime benefit/Non-Auto inflation

The Company originally requested a 217.9% rate increase for all policies

Transamerica Life Insurance Company

1. Policy Forms: FTQ (MD) 197, LTC 3 (MD) 1091 (REV92), LTC 3R (MD) 1091 (REV92) LTC 5 TQ (MD) 1096, LI-LTCP (MD) 192, LI-LTCP (MD2) 192, LI-LTCP TQ (MD) 197, LI-LTCP TQ (MD) 600, GCPRO-III TQ LTC (MD) 497, GCPRO-III TQ HHC (MD) 497, LTC 104-194-MD, LTC 105-194-MD, LTC 106-194-MD, LTC 124-197-MD, LTC 125-197-MD, LTC 126-197-MD, LTC 304-198-MD, LTC 305-198-MD (SERFF: AEGB-133941051)

Approved: Two annual increases of 15% each year for all policies with issue ages less than 75, and 0% increase for policies with issue ages 75+.

The Company originally requested: 167% rate increase for all policies.

Approved: 9/30/2024
Proposed Effective Date: The increase for any policyholder will not become effective until a period of one year has elapsed since the previously approved rate increase effective date.

2. Policy Forms: GP001 796 (GC001-NH (MD) 796, GC001-LTC (MD) 796, GC001-HCC (MD) 796) (SERFF: AEGB-133950334)

Approved: Two annual increases of 15% each year for all policies with issue ages less than 70, and 0% increase for policies with issue ages 70+.

The Company originally requested: 108% rate increase for all policies.

Approved 9/30/2024
Proposed effective date: The increase for any policyholder will not become effective until a period of one year has elapsed since the previously approved rate increse effective date.

LifeSecure Insurance Company

1. Policy Forms: LS-LTC-0004 and LS-LTC-0005 (SERFF: LFSC-134041319)

Approved: 10% rate increase for all policies.

The Company originally requested: 54.8% rate increase for policyholders on form LS-LTC-0004 and a 53.4% rate increase for policyholders on LS-LTC-0005

Approved: 9/4/2024
Proposed Effective Date: 1/1/2025

Brighthouse Life Insurance Company

1. Policy Forms: H-LTC2J-30, H-LTC3J, H-LTC3JP20, H-LTC3JQ8, H-LTC4JQ9, and H-LTC4JFQ17 (SERFF: MILL-133857830)

Approved: 52.1% rate increase, phased-in over 3 years at 15% yearly for all policies

The Company originally requested: 165% increase for all policies

Approved: 7/30/2024
Proposed Effective Date: The increase will be implemented on the billing anniversary date following at least a 60-day policyholder notification period following approval, but no sooner than 12 months after the prior rate increase was effective.

Genworth Life Insurance Company

1. Policy Forms: 7000AP, 7020BB, 7020V (SERFF: GEFA-133786773)

Approved the following:

52.1% increase, phased-in over 3 years at 15% in year 1, 15% in year 2, and 15% in year 3 for policies with lifetime benefits

34.8% increase, phased-in over 3 years at 15% in year 1, 15% in year and 1.9% in year 3 for policies with limited benefits

The Company originally requested:

148% increase for policies with lifetime benefits

34.8% increase for policies with limited benefits

Approved: 7/22/2024
Proposed Effective Date: The increase will be implemented on the policy's billing anniversary date, following a 60-day policyholder notification period.

2. Policy Forms: 7030R, 7032R (SERFF: GEFA-133786756)

Approved the following:

52.1% increase, phased-in over 3 years at 15% in year 1, 15% in year 2, and 15% in year 3 for policies with lifetime low BIO

52.1% increase, phased-in over 3 years at 15% in year 1, 15% in year 2, and 15% in year 3 for policies with lifetime high BIO

28.8% increase, phased-in over 2 years at 15% in year 1, 12% in year 2, for policies with limited low BIO

52.1% increase, phased-in over 3 years at 15% in year 1, 15% in year 2, and 15% in year 3 for policies with limited high BIO

The Company originally requested:

155% increase, for policies with lifetime low BIO

269% increase, for policies with lifetime high BIO

28.8% increase, for policies with limited low BIO

131% increase, for policies with limited high BIO

Approved the following:

52.1% increase, phased-in over 3 years at 15% in year 1, 15% in year 2, and 15% in year 3 for policies with lifetime low BIO

52.1% increase, phased-in over 3 years at 15% in year 1, 15% in year 2, and 15% in year 3 for policies with lifetime high BIO

52.1% increase, phased-in over 3 years at 15% in year 1, 15% in year 2, and 15% in year 3 for policies with limited low BIO

52.1% increase, phased-in over 3 years at 15% in year 1, 15% in year 2, and 15% in year 3 for policies with limited high BIO

The Company originally requested:

20% increase, for policies with lifetime low BIO

217% increase, for policies with lifetime high BIO

134% increase, for policies with limited low BIO

134% increase, for policies with limited high BIO

Approved: 7/22/2024
Proposed Effective Date: The increase will be implemented on the policy's billing anniversary date, following a 60-day policyholder notification period.

4. Policy Forms: 7042MD, 7044MD, 7042MD Rev, 7044MD Rev (SERFF: GEFA-133786787)

Approved the following:

52.1% increase, phased-in over 3 years at 15% in year 1, 15% in year 2, and 15% in year 3 for policies with lifetime low BIO

52.1% increase, phased-in over 3 years at 15% in year 1, 15% in year 2, and 15% in year 3 for policies with lifetime high BIO

52.1% increase, phased-in over 3 years at 15% in year 1, 15% in year 2, and 15% in year 3 for policies with limited high BIO

The Company originally requested:

115% increase, for policies with lifetime low BIO

218% increase, for policies with lifetime high BIO

119% increase, for policies with limited high BIO

Approved: 7/22/2024
Proposed Effective Date: The increase will be implemented on the policy's billing anniversary date, following a 60-day policyholder notification period.

Bankers Life and Casualty Company

1. Policy Forms: GR-N400, GR-N410, GR-N500 and GRN510 (SERFF: BNLB-133893250)

Approved the following:

15% increase on policy forms GR-N400 and GR-N410

5% increase on policy forms GR-N500 and GRN510 (Original Unisex)

0% increase on policy forms GR-N500 and GRN510 (Gender Distinct)

The Company originally requested:

15% increase on policy forms GR-N400 and GR-N410

15% increase on policy forms GR-N500 and GRN510 (Original Unisex)

0% increase on policy forms GR-N500 and GRN510 (Gender Distinct)

Approved: 7/22/24
Proposed Effective Date: The increase will be implemented on the next billing date following a 45-day policyholder notification period.

Massachusetts Mutual Life Insurance Company

Policy Forms: MM500-P-2-MD, MM501-P-2-MD (SERFF: MILL-133846672)

Approved the following:

7.5% increase on policies with automatic inflation option, and no increase for policies without automatic inflation option.

The Company originally requested:

32% increase on policies with automatic inflation option, and no increase for policies without automatic inflation option.

Approved: 7/16/2024
Proposed Effective Date: On the next policy anniversary date following at least a 60-day policy owner notification period.

Unum Life Insurance Co. of America

1. Policy Forms: GLTC04, RGLTC04 (SERFF: UNUM-133714118)

Approved the following:

15% increase on policies with compound inflation, no increase on policies with simple inflation, and no increase on policies with no inflation.

The Company originally requested:

71.4 % increase for policies with compound inflation, 44% on policies with simple inflation, and no increase on policies without inflation.

Approved 6/20/2024
Proposed Effective Date: effective on the policy anniversary date following a 60-day policyholder notification period

2. Policy Forms: B.LTC, TQB.LTC, GLTC95, TQGLTC95, TQB.LTC-98 (SERFF: UNUM-133714231)

Approved the following:

15% increase for policies with voluntary capped inflation.

25.44% increase for policies with employer-funded compound uncapped inflation, phased in over two years at 12% annually.

32.25% increase for policies with voluntary compound uncapped inflation, phased in over two years at 15% annually.

The Company originally requested:

50.8% increase for policies with voluntary capped inflation.

70% increase for policies with employer-funded compound uncapped inflation.

115.4% increase for policies with voluntary compound uncapped inflation.

Approved 6/20/2024
Proposed Effective Date: effective on the policy anniversary date following a 60-day policyholder notification period

3. Policy Forms: NH5092, NH5192, NH5292, NH5392, NH5492, NH5592, LTC5092, LTC5192, LTC5292, LTC5392, LTC5492, LTC5592,LTC94, LTC94Q, LTC99, LTC99Q (SERFF: UNUM-133718162)

Approved the following:

32.25% increase for all policies, phased in over two years at 15% annually.

The Company originally requested:

70% average increase, varying by inflation type

Approved 6/20/2024
Proposed Effective Date: effective on the policy anniversary date following a 60-day policyholder notification period

John Hancock Life Insurance Company

1. Policy Forms: LTC-02 MD and BSC-02 MD (SERFF: MULF-133639567)

Approved the following:

15% increase on policies with inflation.
No increase on policies with no inflation.

The Company originally requested:

125.6 % increase for policies with inflation.

292.1% increase on policies with no inflation.

Approved 3/27/2024
Proposed Effective Date: effective on the next policy anniversary date, following at least a 90-day policyholder notification period.

2. Policy Forms: LTC-03 MD and BSC-03 MD (SERFF: MULF-133663770)

Approved the following:

32.25% increase for policies with inflation, phased-in over two years at 15% annually.
15% increase on policies with no inflation.

The Company originally requested an average increase of 80.6%, which varied by issue age, benefit period, and inflation option, and ranged from 62.7% to 121.7%.

Approved 3/27/2024
Proposed Effective Date: effective on the next policy anniversary date, following at least a 90-day policyholder notification period.

3. Policy Forms: LTC-03 MD (2007 rates) (SERFF: MULF-133666877)

Approved the following:

32.25% increase for policies with inflation, phased-in over two years at 15% annually.

15% increase on policies with no inflation.

The Company originally requested an average increase of 82.9%, which varied by issue age, benefit period, and inflation option, and ranged from 76.1% to 83.9%.

Approved 3/27/2024
Proposed Effective Date: effective on the next policy anniversary date, following at least a 90-day policyholder notification period.

4. Policy Forms: LTC-03 MD 1/08 (SERFF: MULF-133666911)

Approve one annual increase of 15% on all policies.

The Company originally requested an increase of 60.2% for all inflation types except CPI inflation, and a 36.3% increase on policies with CPI inflation.

Approved 3/27/2024
Proposed Effective Date: effective on the next policy anniversary date, following at least a 90-day policyholder notification period.

5. Policy Forms: LTC-06 MD(SERFF: MULF-133666953)

Approve one annual increase of 15% on all policies.

The Company originally requested an increase of 88.8% for policies with 5% compound guaranteed inflation and a 51.8% increase for policies with automatic inflation.

Approved 3/27/2024
Proposed Effective Date: effective on the next policy anniversary date, following at least a 90-day policyholder notification period.

Continental General Insurance Company

1. Policy Forms: 1LTCIP0001, 1LTCIP0002 (SERFF: GLTC-133637691)
Approve three annual increases of 15% in year 1, 15% in year 2, and 15% in year 3 for a cumulative increase of 52.1% on all policies.

The Company originally requested a 300% rate increase for all policies

Approved 3/11/2024
Proposed Effective Date: On the first premium due date after state insurance department approval and in accordance with state policyholder notification requirements, but not sooner than one year after receiving a prior increase, if applicable.

2. Policy Forms: 80880 NTQ 1/98 MD, 80650 1/97 MD (SERFF: GLTC-133618460)

Approve three annual increases of 15% in year 1, 15% in year 2, and 15% in year 3 for a cumulative increase of 52.1% on all policies.

The Company originally requested a 300% rate increase for policies with compound inflation and a 200% rate increase for policies without inflation.

Approved 3/11/2024
Proposed Effective Date: On the first premium due date after state insurance department approval and in accordance with state policyholder notification requirements, but not sooner than one year after receiving a prior increase, if applicable.

3. Policy Forms: 82000 1/01 MD, 82120 (NTQ) 9/01 (SERFF: GLTC-133618105)

Approve three annual increases of 15% in year 1, 15% in year 2, and 15% in year 3 for a cumulative increase of 52.1% on all policies.

The Company originally requested a 300% rate increase for policies with compound inflation, a 250% rate increase for policies with simple inflation, and a 149% rate increase for policies with no inflation.

Approved 3/18/2024
Proposed Effective Date: On the first premium due date after state insurance department approval and in accordance with state policyholder notification requirements, but not sooner than one year after receiving a prior increase, if applicable.

4. Policy Forms: 2LTCIP0001 (SERFF: GLTC-133658912)

Approve two annual increases of 15% in year 1, and 15% in year 2 for a cumulative increase of 32.3% on all policies.

The Company originally requested a 295% rate increase for all policies.

Approved 3/18/2024
Proposed Effective Date: On the first premium due date after state insurance department approval and in accordance with state policyholder notification requirements, but not sooner than one year after receiving a prior increase, if applicable.

5. Policy Forms: 4LTCIP0001 (SERFF: GLTC-133658203)

Approve one annual increase of 15% on all policies.

The Company originally requested a 120% rate increase for all policies.

Approved 3/18/2024
Proposed Effective Date: On the first premium due date after state insurance department approval and in accordance with state policyholder notification requirements, but not sooner than one year after receiving a prior increase, if applicable.

Transamerica Life Insurance Company

Policy Forms: ICC10 TLC-3 (SERFF: AEGB-133638695)

Approve two annual increases of 15% in year 1 and 7% in year 2 for a cumulative increase of 23.05% on all policies.

The Company originally requested a 101.1% increase for all policies.

Approved 2/26/2024
Proposed Effective Date: The increase will be implemented following approval after fulfillment of all statutory and contractual requirements, but not before a period of one year has elapsed since the effective date of the previously approved rate increase

Transamerica Life Insurance Company

Policy Forms: ICC10 TLC-3 (SERFF: AEGB-133716344)

Approve two annual increases of 15% in year 1 and 7% in year 2 for a cumulative increase of 23.05% on all policies.

The Company originally requested a 23.12% increase for all policies.

Approved 2/27/2024
Proposed Effective Date: The increase will be implemented following approval after fulfillment of all statutory and contractual requirements.

Allianz Life Insurance Company of North America

Policy Forms: 11-P-Q-MD (SERFF: ALLB-133666920)

Approved the following:

1. 15% increase on policies with 2 - 4 years benefit period.
2. 15% increase on policies with 5 - 8 years benefit period.
3. Two annual increases of 14% (Year 1) and 14% (Year 2), for a cumulative increase of 30% on policies with a lifetime benefit period.

The Company originally requested the following:

1. 15% increase on policies with 2 - 4 years benefit period.
2. 15% increase on policies with 5 - 8 years benefit period.
3. 30% increase on policies with a lifetime benefit period.

Approved 2/16/2024

Proposed Effective Date: The increase would be effective on a policy’s next anniversary following a 60-day policyholder notification period.