FOR IMMEDIATE RELEASE:
6/28/2017
FOR INFORMATION, CONTACT:
Joseph Sviatko, 410-468-2458

Maryland Insurance Administration to Hold Public Hearing on Long-Term Care Insurance

Hearing to be held Monday, August 28, 2017 in Baltimore

BALTIMORE – The Maryland Insurance Administration will conduct a public hearing on specific rate increase requests being made by certain Long-Term Care Insurance carriers operating in Maryland. The hearing will focus on several rate increase requests before the Maryland Insurance Administration.
 
In the individual long-term care market, these include requests from the Maryland Life and Health Insurance Guaranty Corporation on behalf of Penn Treaty Network America Insurance Company, Metropolitan Life Insurance Company, MedAmerica Insurance Company, CMFG Life Insurance Company and Continental Casualty Company. In the group long-term care market, these include requests from Metropolitan Life Insurance Company and MedAmerica Insurance Company.
 
The purpose of the hearing is for insurance company officials to explain their reasons for the rate increases. Commissioner Al Redmer, Jr. will also listen to comments from stakeholders at the hearing. Prior to the hearing, copies of each company’s actuarial memorandum will be posted to the Maryland Insurance Administration’s website.
 
The hearing will be held at the following time and location:
 
Monday, August 28, 2017
1:00 P.M. to 4:00 P.M.
Maryland Insurance Administration, 24th Floor, Hearing Room
200 St. Paul Place.
Baltimore, MD, 21202
 
For those individuals who are unable to attend, the Administration will be live-streaming the hearing via Facebook Live on the Administration’s Facebook page and will also provide a conference call dial-in. See the information below:
 
Live-streaming of the hearing via on the Maryland Insurance Administration’s Facebook page:
www.facebook.com/MDInsuranceAdmin
 
Conference Call Line:
Number: 866-247-6034
Code: 1573490062
 
If you plan on attending, please RSVP to Nancy Muehlberger. Interested parties are also encouraged to submit written comments.  Written comments and RSVPs should be sent to Nancy Muehlberger by August 21, 2017, either by email to longtermcare.mia@maryland.gov or by mail to 200 St. Paul Place, Suite 2700, Baltimore, Md. 21202 or by fax to 410-468-2038.
 
Questions regarding this hearing should be directed to Nancy Muehlberger by phone to 410-468-2050, or by e-mail to nancy.muehlberger@maryland.gov.
 
Complaints regarding individual policy premium rates, premium increases or particular policy provisions should be directed to the Consumer Complaints Unit. Please call 410-468-2244 or visit the following website for more information on how to file a complaint: http://insurance.maryland.gov/Consumer/pages/FileAComplaint.aspx.
 
About the Maryland Insurance Administration
 
The Insurance Administration is an independent State agency charged with regulating Maryland’s $28.5 billion insurance industry. For more information about the Insurance Administration, please visit www.insurance.maryland.gov or follow us on Facebook at www.facebook.com/MDInsuranceAdmin or Twitter at @MD_Insurance.
 
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