“Maine Slashes Long-Term Care Insurance Hikes: How a 76% Rate Cap Affects Policyholders”

“Maine Slashes Long-Term Care Insurance Hikes: How a 76% Rate Cap Affects Policyholders”

The Maine Bureau of Insurance has taken significant steps to mitigate the impact of proposed long-term care insurance rate hikes, particularly those from Genworth Life Insurance, one of the nation’s largest providers. Below is a detailed overview based on recent developments as of July 7, 2025, addressing the scaling back of these increases and their … Read more