LTC Per-Diem Dilemma

As previously announced, the long-term care per diem published by the IRS has decreased for the first time ever. This change does not impact John Hancock’s Long-Term Care rider, as its benefit — unlike many competitors’ offerings —is not based on this per diem, and therefore will not go down based on the IRS-determined number. Check out the “Because You Asked” on long-term care rider, where we get in to the technical and nuanced details.