Long Term Care insurance pays big dollars

The 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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.