Obamacare Strikes Again!
MetLife Ends Sale of Long Term Care Insurance as Costs Increase
MetLife announced it’s discontinuing the sale of new long term care insurance coverage (LTCI) on Thursday. The decision comes after an extensive review of the business but will have no impact on existing insureds’ coverage as long as premiums are paid on time.
All current insureds can continue to make coverage changes per the terms of their policy or certificate, including inflation protection offers and requests to increase or decrease coverage.
Remember when Obama said if you liked your insurance you could keep it? What he didn't say was that you could keep it if they stayed in business...and he would work like hell to make sure they didn't.
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