Maryland Plans LTC Hearing in April

Maryland Plans LTC Hearing in April

On April 28th, 2016 the Maryland Insurance Commissioner, Al Redmer, Jr., will conduct a public hearing to discuss items of interest to any current or potential policyholder in Maryland. Topics of discussion will include:

  1. Discussion on regulatory items including premium increases.
  2. The future of long term care insurance as a way to fund care costs.
  3. Steps that are being taken to prevent and lessen the possibility of future rate increases
  4. What are some of the causes of long term care insurance premium increase?
  5. The state of Maryland has a 15% premium increase cap, what are some positives and negatives of this approach?

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