Alabama’s Rate Increase History

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Alabama’s Long-Term Care Insurance

Rate Increase History

 

To protect Alabama residents from out-of-control premium increases, the state of Alabama enacted a long-term care insurance Rate Stability Regulation in 2006.
All Alabama residents who purchase long-term care insurance after July 1st, 2006 are protected by this regulation.  Policies purchased before July 1st, 2006 are NOT protected by this regulation.

 

Alabama Long Term Care Insurance Rate Increase History Graphic

 

Over 99% of all long-term care insurance premium increases in Alabama have been on policies that were issued before July 1st, 2006 and are not protected by the Rate Stability Regulation.
Less than 1% of the long-term care insurance premium increases in Alabama have been on policies purchased after July 1st, 2006.

 

Today, 14 insurance companies sell nearly all of the new long-term care insurance policies.
13 of the top 14 companies selling long-term care insurance today have not had any premium increases on any of the long-term care policies they’ve sold in Alabama since July 1st, 2006.  Alabama’s Rate Stability Regulation is working to protect Alabama residents.

 

Listed alphabetically are 14 of the top long-term care insurers.
Click each company below to view their rate increase history in Alabama:

 

 

SOURCE: 2013 Long-Term Care Rate Guide Data Call

 

 

 

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