While about 1 in 3 Americans believe they own some form of stand-alone LTC coverage or combination life/LTC insurance coverage, actual LTC ownership is closer to 3%.
The overwhelming majority of consumers experiencing a premium increase on their long-term care insurance chose to pay the higher premium, according to the findings of a new analysis released this week by the American Association for Long-Term Care Insurance.
The first price index comparing leading linked-benefit long-term care insurance costs and benefits was released this week by the American Association for Long-Term Care Insurance.
The nation’s long-term care insurers paid out $12.3 billion in claims during 2021, representing a significant increase over prior years according to new data from AALTCI.
For the first time the Internal Revenue Service has not raised tax-deductible limits for long-term care insurance according to the American Association for Long-Term Care Insurance.
Genworth study finds the COVID-19 pandemic increased demand for and complexity of long term care, accelerating existing trends toward longer duration and more acute care.