Have You Experienced Increases in MassMutual Long Term Care Costs?

If you or someone you love has a MassMutual long term care insurance policy, have you seen your premiums drastically increase or had your claims unfairly denied?

A number of long term care insurance companies may have hiked their premiums more than they should have–companies like MassMutual long term care, MetLife, and Unum, among others. Some policyholders affected by these drastic premium increases may have paid for polices that were supposed to reduce their premiums after 10 years, or at age 65. However, many of these longtime policyholders are now facing extreme price hikes.

Others are even allegedly being denied their claims for long term care insurance, even when the assisted living facilities they stayed at were supposed to be covered in the insurance policy. Because of this, even policyholders who have kept up with their premiums on their insurance policies may be affected by these sudden changes to their policies or claim denials.

Basics of Long Term Care Insurance

MassMutual long term care insurance and other LTC insurance policies are used to help pay for extended care, such as that provided by nursing homes or assisted living facilities. Long term care insurance has been a facet of the insurance industry since the 1980s. Long term care in such facilities can include help with basic daily tasks like bathing, assistance with medicine, and help getting dressed and with eating.

Long term care costs can be extremely steep, since in-home care can cost more than $90,000 annually. Investment in affordable long term care insurance is often a good approach to getting access to this care.

Long Term Care Insurance Increases

Some insurance companies like MassMutual long term care are reportedly hiking the premiums of their LTC policies. Those who face these kind of premium increases may feel like they have only a few options to go forward: paying the increased rate, cutting their benefits in order to maintain their current premium costs, or dropping their policies altogether. None of these options is particularly good—for each one, the policyholder loses something significant.

In some cases, policyholders were paying for premiums under plans that were supposed to cut their premiums by 50 percent once they hit age 65. A group of MetLife long term care policyholders who had signed up for this policy option filed a class action lawsuit in 2016, alleging that MetLife actually instituted drastic price increases on their premiums after policyholders reached 65. The lead plaintiff in this lawsuit alleged that she was charged almost $3,890 more than what she should have been paying according to the “Reduced-Pay at 65 Option” she signed up for.

Filing a LTC Insurance Lawsuit

Another way forward, as some consumers have already found, is to file a LTC insurance lawsuit. If you have been affected by premium price hikes or unfair claim denials of your MassMutual long term care insurance claims, you may have a legal claim.

Join a Free Long Term Care Insurance Lawsuit Investigation

If you or your loved one were subject to an improper premium increase or an improper claim denial, you don’t have to take on the insurance company alone. You may have a legal claim.

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