“6 Long-Term Care Rate Increases Hidden in Winter Renewal Contracts,” by Teri Monroe, SavingAdvice.com
“Winter is a critical season for long-term care insurance renewals. Many retirees receive updated contracts at the start of the year, outlining new terms and costs. Hidden within these documents are rate increases that can significantly impact household budgets. Seniors often overlook fine print or assume coverage remains unchanged. Winter renewals highlight the importance of careful review and proactive planning. So, make sure you (or a family member) are paying close attention to these rate increases.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
This article is dishonest and misleading. I’m not aware of “winter renewals” for LTC insurance. Carriers will occasionally offer beneficiaries reduced coverage as a means to avoid or mitigate premium increases, but those offers are not seasonally based. Nor are they “updated contracts.” They are options that insureds can accept or decline. I’ve noticed this source—SavingAdvice.com—has published unfounded biased criticism of LTCI in the past, but I ignored it. I’ll expose it in the future.