02/23/2023
I purchased a long term care policy from MassMutual at 2005. It is called SignatureCare. But now, MassMutual notified me that my premium went up 300% from $111.48 per month 12/15/2022 to $334.15 per month 12/15/2024. If this new premium does not work for me, I have to cut my plan benefits to lower premium. Also, MassMutual could increase the rate in the future.
I would like to ask if any other person with the same long term care plan and faced the same hardball from MassMutual. If so, how can we against this financial abuse and future premium increase?