Long-Term Care Hearing March 27, 2024

The Maryland Insurance Administration will conduct a public hearing on specific rate increase requests being made by certain Long -Term Care Insurance carriers operating in Maryland. The hearing will focus on several rate increase requests before the Maryland Insurance Administration. In the individual long-term care market, these include requests from Bankers Life and Casualty Company, Brighthouse Life Insurance Company, Massachusetts Mutual Life Insurance Company, and Transamerica Life Insurance Company. In the group long-term care market, these include requests from Transamerica Life Insurance Company. The purpose of the hearing is for insurance company officials to explain the reasons for the rate increases, and for the MIA to consider whether the proposed rate increase is in compliance with Maryland's laws and regulations relating to long-term care insurance. Interested stakeholders will also have the opportunity to provide comments at the hearing. Prior to the hearing, copies of each company's actuarial memorandum will be posted to the Maryland Insurance Administration's website.

Form n
umbers impacted by the rate request are outlined below:

Bankers Life and Casualty Company
: GR-N400, GR-N410, GR-N500, GR-N 510

Brighthouse Life Insurance Company: H-LTC2J-30, H-LTC3J, H-LTC3JP20, H-LTC3JQ8, H-LTC4JQ9, H-LTC4JFQ17

Massachussetts Mutual Life Insurance Company: MM500-P-2-MD, MM501-P-2-MD

Transamerica Life Insurance Company: 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, GP001 796 (GC001-NH (MD) 796, GC001-LTC (MD) 796, GC001-HCC (MD) 796)

The hearing will be held in a hybrid format, both in-person and concurrently via Zoom.

The in-person portion of the hearing will be held at the following time and location:

Wednesday, March 27, 2024
1:00 P.M. to 4:00 P.M.

Hearing Video​

Maryland Insurance Administration, 24th Floor, Hearing Room
200 St. Paul Place
Baltimore, MD, 21202

The Zoom dial-in information is below:

Dial-in Information:


Dial-in: (646) 828-7666
Webinar ID: 161 341 8509

Information for the Maryland Relay Service can be found at doit.maryland.gov/mdrelay

If you wish to provide oral testimony, please RSVP to Nancy Muehlberger.  Testimony will only be heard from those who have RSVP'd in advance of the public hearing.  Interested parties are also encouraged to submit written comments in advance of the hearing date. Written comments and RSVPs should be sent to Nancy Muehlberger by March 20, 2024, either by email to longtermcare.mia@maryland.gov or by mail to 200 St. Paul Place, Suite 2700, Baltimore, MD 21202 or by fax to 410-468-2038. 

Questions regarding this hearing should be directed to Nancy Muehlberger by phone to 410-468-2050, or by e-mail to nancy.muehlberger@maryland.gov.

Complaints regarding individual policy premium rates, premium increases or particular policy provisions should be directed to the Consumer Complaints Unit. Please call 410-468-2244 or visit the following website for more information on how to file a complaint: http://insurance.maryland.gov/Consumer/pages/FileAComplaint.aspx

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