"Deductibility of Employer-Paid Premiums
On Behalf of the Sole Proprietor
Sole Proprietors who purchase and pay for TQ LTCI policies for themselves, their spouses and their tax dependents may claim a deduction for the premiums paid as medical care…"
"I don't understand why anyone would think that a 20% rate increase on a LTCi policy (or even a 30%) rate increase on a LTCi policy that is 10 or 15 years old, would make the policy "unaffordable."
When the value of a dollar is taken…"
"I think the FLTCIP should be proud of the very small rate increase that they are having on their in-force block of business.
The "federal family" is a high risk pool (military, law enforcement, DEA, etc...) When you consider the lenient…"
"Bill, thanks for your response. I think this is an important issue for LTCi. The three rate increases that GNW, JH and Met implemented came with comments that they were necessitated by lapse rates that were much lower than anticipated. This makes…"
"I think it all comes down to experience and longeivity in this business. Genworth was first to have an increase. 9-12% depending on the policy series. Then Hancock at 15%. Then Metlife at 18% a few months later. Seems the longer the big three…"
According to OPM and John Hancock LTC Fed Plan policyholders will be seeing rate increases of 5 to 25%. Considering these plans were all issued after 2002 it seems stiff compared to recent industry increases from Genworth, JH and others. Most of those were applied to policies much older than the Fed Plan policies. I would be interested in your comments. Do you think we will being increases (on in force business) much more frequently in the future?
I have just taken an app on "shared" policy. Wife is 61 and self employed,, husband is 57 and has a job. Because it is shared and will be paid thru wife can they 2 x age 61-70 deductible limit rather than oneat 61- 70 and one at 51-60?See More
I have been asking about partnership in Texas and so far only response I have gotten is that the plan must have some form of inflation protection for under 65. This is not a good answer and I am not sure if Texas has decided. I alwys use 5%…"