Claims paid by long-term care insurers grew by $700 million in 2021
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.
Health Insurance
U.S. healthcare expenditures spiked 9.7% in 2020: CMS report
Driven by the COVID-19 pandemic, total U.S. healthcare spending spiked 9.7% to $4.1 trillion in 2020 according to new data from the Centers for Medicare and Medicaid Services.
HealthCare.com focused on growth following $180 million funding round
Financing accelerates the development of HealthCare.com’s AI platform to drive further direct-to-consumer healthcare product innovation and rapidly scale to address what it calls a “massive market opportunity.”
HealthSherpa adds talent with two new key hires
Jeff Pollock and Rob Fitzgerald, formerly of GuideWell Connect, join HealthSherpa’s efforts to help partners leverage new technology and grow their business
IRS doesn’t raise tax deductible LTCI limits for 2022
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.
Nearly half of Americans ponder health insurance changes during Open Enrollment
ValuePenguin survey finds 45% of insured Americans are considering changes; those with Marketplace plans most likely to change providers or plan types.
LTCI Awareness Month 2021: Study shows increasing need for care, reliance on family
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.
More than 300 million Americans covered by health insurers: Mark Farrah Associates
New report shows Medicare Advantage enrollment continues to experience increases with ample room for growth.
AMA study: 3 in 4 health insurance markets are highly concentrated
A new study from the American Medical Association shows nearly three-quarters of health insurance markets in the U.S. are highly concentrated, leaving millions of Americans with more limited health insurer options.
Top health insurers ranked for customer satisfaction
United HealthCare, Humana and Kaiser Foundation Health Plan earn top three satisfaction rankings in Verint’s just-released 2021 Report.
