General Electric expects long-term care insurance policy premium increases of $1.7 billion through 2028, executives said Thursday during a “teach-in” for analysts and investors.

State regulators already have approved $500 million of the increases, which have not gone into effect, according to a company presentation, and the company has filed or expects to file for $1.2 billion in additional increases.

The company has 274,000 long-term care policies in force.

Almost 20% (19.7%) of all long-term insurance claims begin in assisted living communities, according to an analysis of 2017 claims data by the American Association for Long-Term Care Insurance.

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