Next round of in-force rate action notifications to take place in late May
In late May, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the in-force rate action, which will have an effective date beginning with anniversaries on or after September 1, 2019.
The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in Alaska, Florida, Iowa, Michigan, Minnesota, Nebraska, New York, South Carolina, Utah and Wyoming.
The implementation of the 2013 rate action will continue for John Hancock and Fortis LTCI individual policies issued in Massachusetts and Missouri for policyholders who received an initial ‘phased-in’ rate increase.
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