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Long Term Care Changes for Transamerica in New York

By |May 1, 2013|Categories: Companies, Insurance Industry, Retirement Planning|Tags: , , , |

A press release sent out this morning by Transamerica outlines the new changes and policies associated with the upcoming sale of TransCare II 2012 in New York.

Transamerica will make TransCare II 2012 available in New York effective May 9, 2013.
TransCare II, their previous Long Term Care insurance, will no longer be available in New York after May 8, 2013.

New York is the most recent state to acquire TransCare II 2012. California began selling TransCare II 2012 on March 22, 2013.

Several changes will go into effect and are applicable only to businesses in New York. New business rates will increase 5%. These new[…]