In late May, 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 September 1, 2023.
The 2019 rate action notifications will include John Hancock LTCI individual policies originally issued in Kansas, Nevada, West Virginia and the Interstate Insurance Product Regulation Compact (Compact). John Hancock will continue the implementation of the 2019 rate increase for John Hancock LTCI individual policyholders in New Mexico and North Carolina who received an initial “capped” or “phased-in” increase.
The 2019 rate action notifications will include Union LTCI individual policies originally issued in Pennsylvania.
John Hancock will continue the implementation of the 2016 rate increase for John Hancock LTCI individual policyholders in New Jersey (Trust plan sitused in Illinois), Rhode Island and Vermont who received an initial “capped” or “phased-in” increase.
John Hancock will continue the implementation of the 2016 rate increase for Union LTCI individual policyholders in Vermont who received an initial “capped” or “phased-in” increase.
John Hancock will continue the implementation of the 2013 rate increase for John Hancock LTCI individual policyholders in Rhode Island who received an initial “capped” or “phased-in” increase.
John Hancock will continue the implementation of the 2013 rate increase for Union LTCI individual policyholders in Rhode Island who received an initial “capped” or “phased-in” increase.