Long-Term Care

2019 OPEN ENROLLMENT ENDS (most states)

Time: D H M S

This post actually has almost nothing whatsoever to do with the Affordable Care Act itself.

Every year I dig through hundreds (thousands?) of insurance premium rate filings for carriers in every state. For the most part I ignore everything except for my core focus area, the Individual Market, although on occasion I also try to run analysis of the Small Group market filings as well. I don't really pay much attention to the Large Group market filings.

However, there's a bunch of other types of health/medical insurance as well, and one which I've written next to nothing about since I started the ACA Signups project is also one which is becoming increasingly important as the Baby Boomer generation retires: Long-Term Care insurance.

To illustrate my point, here are a few recent premium rate increase filings from carriers in Connecticut:

Long-Term Care Rate Filing - Connecticut Life & Health Guaranty Association (Individual)

Rate request: 69 percent increase
Decision: Approved January 9, 2018