The top-10 states where individuals have traditional long-term care insurance policies was reported today by the national long-term care insurance industry trade group.
"We will end the year with some seven million Americans who have traditional long-term care insurance protection and another million who have a linked-benefit product that provides some LTC protection," explains Jesse Slome, executive director of the American Association for Long-Term Care Insurance (AALTCI). The organization maintains the nation's leading online resource for information pertaining to long-term care insurance and annually helps tens of thousands of consumers seeking information on the topic.
According to Slome, 25 states each have over 100,000 residents with long-term care insurance in place. "Obviously, the numbers are still small compared to the large number of people who need long-term care," Slome notes. "There is still a lot of work to be done." Slome was speaking to insurance professionals who specialize in long-term care insurance.
The top-10 states ranked by the number of policyholders are:
California
Texas
New York
Florida
Illinois
Pennsylvania
Ohio
Virginia
Washington
Minnesota
The American Association for Long-Term Care Insurance is a national organization focused on advocacy and providing consumers with relevant and current information. To learn more about long-term care insurance costs and options visit the organization's website or call 818-597-3227.
The American Association for Long Term Care Insurance (www.aaltci.org) is the national trade organization focused on educating individuals about the importance of planning for the risk of long term care. The American Association for Medicare Supplement Insurance (www.medicaresupp.org( focuses on Medigap industry issues and helps link consumers with Medicare Supplement agents. The National Advisory Center for Short Term Care was established in 2015 to build awareness for the important role short term care insurance plays in protecting seniors.