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From John Hancock...
Next round of in-force rate action notifications to take place in late November
In late November, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after March 1, 2023.
The 2019 rate action notifications will include John Hancock LTCI individual policies originally issued in Florida, Iowa and Mississippi.
The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in Maryland. John Hancock will continue the implementation of the 2016 rate increase for John Hancock LTCI individual policyholders in Minnesota and North Carolina who received an initial “capped” or “phased-in” increase. The 2016 rate action notifications will include Fortis LTCI individual policies originally issued in Florida. John Hancock will continue the implementation of the 2016 rate increase for Fortis LTCI individual policyholders in North Carolina who received an initial “capped” or “phased-in” increase.