FLTCIP Premium Increase — Terry Corrects an Error!
In your article you state that premiums for "anyone over age 80 were not increased". My wife, age 81 and I, age 84 each received a 100% premium increase. Please advise who I should contact regarding this statement to assure correctness. THANK YOU!
Terry Says
My expert source gave me the wrong information and I have just posted a correction to my column. You have no idea how sorry I am about giving you 80+ year olds false hope! However, after further research my expert, Phyllis Shelton, informs me that the increases for those over 80 are supposed to be minimal. A "double" in price is definitely not minimal. Phyllis feels bad as well that she gave me incorrect info. So please write to her at phyllis@ltcconsultants.com and maybe she can do something to get the increase reduced. She will keep me posted on everyone she consults as a result of this column.
