The short answer is yes, but not easily and only in certain circumstances.

Long Term Care insurance is designed, reviewed and regulated to never require a rate increase once it is inforce.  However, the law allows insurers to request rate increases if deemed necessary.  These increases can only be on a group of people, based upon the product they purchased.  The rate increase request is reviewed by each state’s Department of Insurance who has the authority to decide if a rate increase is granted, and if so, how much increase is allowed.

Rates cannot be increased for reasons like:

  • Increasing age
  • Gender
  • Health condition(s)
  • Filing a claim
  • You individually