What’s your take on the MDDs Group Long Term Care Insurance Plan? Worth it?

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As others have mentioned, they can (and will) raise premiums whenever they want, and you have no options. I paid diligently for about a year, then I got a notice that the premiums were going up 150% (yes, you read that right). I decided to cut my loses right then and there and flush the over $3k I had already paid down the toilet. In my opinion, it is a complete rip-off, and I think EY should reconsider offering this benefit.

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They increased twice by 150% within the first 3 years I had it. I am wondering if it's like a pyramid so they are depending on people subscribed it later to fund the earlier subscribers. I ended the second time they raised the premium. Yes agree the firm should look into it and reconsider the offering.

Absolutely. Ltc for Life once you hit 65. No one else is offering this.

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They can always increase the premium. I am not sure it’s a good deal.

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To be clear they can triple premiums on you and your only options are to pay up or flush all the money you paid them down the toilet. Some life insurance companies now give you the option to pay for LTC with your policy with locked in rates.

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Anyone got a quote on costs?

I’ve been participating for maybe 7 years now, they raised the rates for me and spouse from say 600 month to 1450, they have the ability to keep going. I thought about stopping, ran the #s and decided that even at higher cost was still worth it, more so than saving and investing premiums Also learned that if drop it, we would get the actual dollars put in, if need to use. A late 50s relative had cancer for years (RIP) and the caregiving there was very hard for the family. I just hope 1450 doesnt turn into 4000.

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Hello I’m currently working as an account executive and the company I work for basically is commission only .
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Hi Sharks,

Need a suggestion : 
HSBC India HSBC

How many members does HSBC India HSBC allow to be enrolled to be part of the Medical Insurance policy ? Does it allow Parents and Parent-in-laws both ?

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Legato Health Technologies 🥱😂

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