In late March, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after July 1, 2022.
The 2019 rate action notifications will include John Hancock LTCI individual policies originally issued in Illinois and North Carolina. The 2019 rate action notifications will include the continued implementation of the 2019 rate increase for John Hancock LTCI individual policyholders in Minnesota who received an initial “capped” or “phased-in” increase.
The 2016 rate action notifications will include the continued implementation of the 2016 rate increase for John Hancock LTCI individual policyholders in Maryland and Texas who received an initial “capped” or “phased-in” increase. The 2016 rate action notifications will include the continued implementation of the 2016 rate increase for Fortis LTCI individual policyholders in Kentucky, Maryland, Minnesota, North Dakota and Tennessee who received an initial “capped” or “phased-in” increase.