Long-term Care insurance is the purest form of coverage to help insulate you from the costs associated with aging. Therefore, it’s the most cost-efficient option. However, LTC premiums are not guaranteed, and could rise in the future. In the past decade many insurance companies have left the LTC market and raised rates to their in-force policies. This is due to the increased cost of healthcare, more people keeping their polices, and actuarial assumptions of factors such as interest rates. To deal with these sometimes-sizeable rate increases, many insurance companies offer clients options to reduce or modify their coverage. Also, most states’ insurance departments limit the amount of the requested rate increase. At the same time, they realize a company must remain solvent in order to provide future benefits.