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



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