LTC is somewhat frequently discussed here, so this seems like something people here would want to know. If you are on the fence about buying LTC insurance, now is the time to buy it. As of 8/1, Genworth (the leading LTC insurer by far) is reducing their couples discount from 40% to 20% and removing their 10% preferred health discount altogether. A preferred health couple that would pay $3000/year for a policy today will pay $4800/year for the exact same policy in one month. Their policies for couples are currently "underpriced" compared to the rest of the market and will likely never be this low again.
Note - this is not a rate increase, just a discount decrease. A single person in standard health will pay the same rates after the changes go into effect.
Note - this is not a rate increase, just a discount decrease. A single person in standard health will pay the same rates after the changes go into effect.