An elder law attorney wrote a article in a NY newpaper today.
Bonnie Kraham: Long-term care insurance industry in turmoil - Business Columnists - recordonline.com - Middletown, NY
Interesting comment at the bottom of the article:
The state of New York has one of the best track records for keeping LTC insurance premiums stable.
There are 10 companies that sell over 90% of the long-term care policies in the state of New York.
Nine of those 10 companies have not had any rate increases on any of the LTC policy forms they've sold in New York--or just one premium increase on a small portion of their LTCi policyholders.
Source:
Long Term Care Insurance Rate Increases New York
Credit needs to be given to the insurance regulators in the state of New York.
Bonnie Kraham: Long-term care insurance industry in turmoil - Business Columnists - recordonline.com - Middletown, NY
Interesting comment at the bottom of the article:
The state of New York has one of the best track records for keeping LTC insurance premiums stable.
There are 10 companies that sell over 90% of the long-term care policies in the state of New York.
Nine of those 10 companies have not had any rate increases on any of the LTC policy forms they've sold in New York--or just one premium increase on a small portion of their LTCi policyholders.
Source:
Long Term Care Insurance Rate Increases New York
Credit needs to be given to the insurance regulators in the state of New York.