Home > NewsRelease > A Third Of Long-Term Care Insurance Home Care Claimants Recover
Text Graphics
A Third Of Long-Term Care Insurance Home Care Claimants Recover
From:
American Association for Long-Term Care Insurance American Association for Long-Term Care Insurance
Los Angeles, CA
Tuesday, October 5, 2021


long term care insurance data statistics
 

Almost one in three individuals with long-term care insurance policies who initiate a home care claim recover according to the American Association for Long-Term Care Insurance (AALTCI).

"Many individuals mistakenly believe that most long-term care insurance claims are for care in skilled nursing facilities," explains Jesse Slome, director of the long-term care insurance organization.  "Most care is actually provided in the policyholder's home which is where they prefer to be."

The organization provides a compendium of the latest relevant data regarding long-term care insurance including claims utilization.  "One of the more interesting facts just revealed is that almost one third of home care claimants recover," Slome shares.  The long-term care insurance statistics data was shared with the Association by LTCG one of the nation's largest plan administrators.  The number looked at home care claims prior to the pandemic.

"The need for long-term care can arise for many reasons," Slome notes.  "Indeed many times the need for care can be long, thus the name of the insurance coverage.  But it can also be relatively short and this data shows that indeed a significant percentage of those who go onto claim actually recover and go off claim," Slome notes.  When a policyholder goes on claim they generally stop paying premiums for their insurance coverage.  Likewise, when a claim stops, premium payments begin again.

The American Association for Long-Term Care Insurance (AALTCI) advocates for the importance of planning and supports insurance professionals who market both traditional and hybrid LTC solutions.   To obtain long-term care insurance costs from a long-term care insurance specialist call the organization at 818-597-3227 or visit their website.

Jesse Slome is director of the American Association for Long-Term Care Insurance.  He also directs the American Association for Critical Illness Insurance and the American Association for Medicare Supplement Insurance.  To find local Medicare insurance agents utilize the organization's free online directory.

News Media Interview Contact
Name: Jesse Slome
Title: Executive Director
Group: American Association for Long-Term Care Insurance
Dateline: Westlake Village, CA United States
Direct Phone: 818-597-3227
Main Phone: 818-597-3227
Jump To American Association for Long-Term Care Insurance Jump To American Association for Long-Term Care Insurance
Contact Click to Contact