Long Term Care insurance pays big dollars
Posted: February 3, 2011 Filed under: Uncategorized Leave a commentThe American Association of Long Term Care Insurance – http://www.aaltci.org – in which I am involved completed a survey of the 10 leading long term care insurance companies in January 2011 and learned:
+ The daily value of claims being paid has reached $10.76 million
+ The number of covered individuals was over 134,000
+ These amounts are 53% higher than a survey in 2007.
On a related item AALTCI has reported:
+ 31% of new LTCi claims are for individuals using home based services
+ 30.5% were for services in Assistant Living Facilities
+ 38.5% were for skilled nursing facilities