Monday, February 15, 2016
LOS ANGELES, CA, February 15, 2016 - Some eight million Americans have purchased some form of private long term care insurance and a 2015 national report finds insurance validates that insurance is the second leading source paying for private duty home care.
"Many people mistakenly associate long term care insurance with nursing home care and while that's part of the benefit, far more people buy this protection to receive needed care in their own home," declares Jesse Slome, executive director of the American Association for Long-Term Care Insurance, a national insurance trade group. Slome shared findings from a national report published for the private duty home care industry with industry professionals.
"Home care, home care, home care -- what you want, where you want it, with long term care insurance giving you greater choice and options when the need arises," Slome advised the group. Slome noted that the study reports that around 70 percent of costs are 'private pay'. "That means the individual pays from their savings or retirement," he shares.
According to Slome, between nine and 10 percent of costs were paid by long-term care insurance, the second highest percentage according to the study published in 2015.
The American Association for Long Term Care Insurance (AALTCI) is a national trade organization promotes sound and affordable planning for Americans. To obtain long term care insurance cost comparisons from a designated professional call (818) 597-3227 or visit the organization's website at www.aaltci.org.
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.
American Association for Long-Term Care Insurance
Westlake Village, CA