On June 12, 2023, Nationwide is introducing Nationwide CareMatters Together, a new linked-benefit solution offering long-term care coverage to couples or two individuals with an insurable interest in each other.

Designed for couples ages 30 to 70, Nationwide CareMatters Together offers policy owners the flexibility to use their pool of LTC benefits entirely by one person or shared between the two insureds in any combination.

Beginning June 12, 2023, Nationwide is implementing a price improvement across all scenarios for the current CareMatters II product. 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 is lowering the current minimum LTC benefit from $2,500 a month to $1,500 a month. WI, SD, and VT require higher minimums.

Effective June 12, 2023, all CareMatters applicants in New York will receive Preferred rate classes. From that date, the Single rate classes will no longer be offered. Preferred rate classes are equal to the Couple rates, and all applicants will be eligible for these rates regardless of marital, civil union, or domestic partnership status. Policies issued on or after June 12, 2023, will receive Preferred rate classes.

The only available classes will be Preferred Nontobacco and Preferred Tobacco. You will continue to see the Couple rate classes referenced on the Life Pending Tracker, but customer-facing communications will display as Preferred.