Nationwide Improves CareMatters II Pricing in IN and NJ

FROM NATIONWIDE...

Beginning December 18, 2023, Nationwide is implementing a price improvement across all scenarios for the current CareMatters II product effective in the states of Indiana (IN) and New Jersey (NJ).

There will be a price decrease for all scenarios, which varies by the characteristics of the case. In addition, to make CareMatters II more accessible to more clients, Nationwide has lowered the minimum LTC benefit from $2,500 a month to $1,500 a month. South Dakota, Vermont and Wisconsin require higher minimums.

Important Dates

CareMatters II policies with an effective date on or after the price improvement effective date shown in the table below will receive the improved pricing.

• June 12th: AK, AL, AR, CO, GA, HI, IA, ID, IL, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, NE, NH, NM, NV, OH, OK, OR, PA, RI, TN, TX, UT, VA, VT, WA, WI, WV, WY

• August 21st: CT, DC, FL, ND, SC, SD

• October 9th: AZ, DE

• December 18th: IN, NJ

• Pending: CA

CareMatters policies do not allow for backdating. YourLife CareMatters in New York will not be affected by this change.

Current CareMatters II pricing and product minimum of $2,500 monthly LTC benefit will remain in effect until the Pending Approval states listed above approve the new pricing. Nationwide will provide updates as we are able to implement these changes in additional states.