{"id":16460,"date":"2020-07-17T10:27:17","date_gmt":"2020-07-17T14:27:17","guid":{"rendered":"https:\/\/medicarereport.org\/?p=16460"},"modified":"2020-07-17T10:27:17","modified_gmt":"2020-07-17T14:27:17","slug":"why-the-large-premium-hikes-to-your-ltc-policy-and-what-to-do-about-it","status":"publish","type":"post","link":"https:\/\/medicarereport.org\/?p=16460","title":{"rendered":"Why the large premium hikes to your LTC policy and what to do about it"},"content":{"rendered":"<p>Many long-term care (LTC) policy holders may be facing a sizable premium increase this year causing many to doubt if it was the right decision to purchase this insurance.\u00a0 Why the large premium hikes? Well, it\u2019s a combination of low rates, increasing longevity; lower-than-expected lapse rates and a spike in health care costs have contributed to insurance companies\u2019 need to increase LTC premiums. In Mary Beth Franklin\u2019s column appearing on\u00a0<a href=\"http:\/\/www.investmentnews.com\/\">www.investmentnews.com<\/a>, she writes about her own experience with a long-term care premium hike and weighing her policy options to maintain coverage at an affordable price.\u00a0 To read Ms. Franklin\u2019s column click\u00a0<a href=\"https:\/\/www.investmentnews.com\/responding-long-term-care-premium-hike-195111?NLID=IN-Daily-Pulse&amp;NL_issueDate=20200716&amp;utm_source=IN-Daily-Pulse-20200716&amp;utm_medium=email&amp;utm_campaign=investmentnews&amp;utm_visit=775402\">here\u2026<\/a><\/p>\n<p><a href=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2020\/03\/dreamstime_s_131605583worried-senior.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-15467\" src=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2020\/03\/dreamstime_s_131605583worried-senior-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2020\/03\/dreamstime_s_131605583worried-senior-300x200.jpg 300w, https:\/\/medicarereport.org\/wp-content\/uploads\/2020\/03\/dreamstime_s_131605583worried-senior-768x512.jpg 768w, https:\/\/medicarereport.org\/wp-content\/uploads\/2020\/03\/dreamstime_s_131605583worried-senior.jpg 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<pre><strong>Notice:<\/strong> The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; medicarereport.org cannot guarantee the duration of the link\u2019s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or medicarereport.org<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Many long-term care (LTC) policy holders may be facing a sizable premium increase this year causing many to doubt if<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,45],"tags":[],"class_list":["post-16460","post","type-post","status-publish","format-standard","hentry","category-health-care-finance","category-ltc"],"_links":{"self":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/16460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16460"}],"version-history":[{"count":1,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/16460\/revisions"}],"predecessor-version":[{"id":16461,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/16460\/revisions\/16461"}],"wp:attachment":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}