On September 17, 2021 Brighthouse Insurance Company requested an increase of 97.5 percent on their block of business of Individual Comprehensive and Facility-Only long-term policies, including Partnership policies, which were sold from 1990 to 2001.

These are no longer being marketed. There are about 6,400 policies in force in Connecticut.

The company said in its filing that the increase is needed due to morbidity and persistency levels which produce lifetime loss ratios in excess of original pricing and the minimum requirement.

Unlike medical health insurance with premiums set to cover expenses incurred only during the upcoming policy year, long term care premiums are set to cover expenses that are not expected to occur until a distant date, sometimes 20 years in the future.

Upon Actuarial Review, the Department disapproved the filing on January 6, 2022. While the historical experience has been unfavorable, the most recent experience has stabilized, and Connecticut has approved significant increases that are not yet reflected in the experience.

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