March 21, 2024

2024

Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace.

We will be implementing the following inforce rate adjustments effective June 1, 2024.

Impacted Forms, Impacted States

LTC04I, Vermont

LTC04I7, Vermont

LTC09M, Vermont

LTC06UI, Vermont

LTC09U, Vermont

LT50, NH50, HCA, HCAQ, LTA, LTAQ, NHA and NHAQ, South Carolina

For details on yearly rate adjustment percentages, view the supplemental grid.

Policyholder Notification Process
Policyholders will receive a letter notifying them at least 60 days prior to the premium rate increase effective date as outlined above.

Along with the premium rate increase notification letters, most policyholders will receive an adjustment offer if there are options available. The offer will provide the policyholder with a benefit reduction alternative to help reduce the impact of the premium increase.

Tools Available
Additional resources are available on Sales Professional Access, including:

A list of impacted policyholders on the Reports page
Historical rate adjustment information by policy form on the Rate Adjustment page

For a complete list of affected policy forms and additional key information, including quoting best practices, please review the FAQ.

Long-term care insurance is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come.