The American Association for Long-Term Care Insurance has released a list of the 10 states with the greatest number of residents who have long-term care insurance policies.
LTC insurance claims top $10 billion for first time
By
Lois A. Bowers
Jan 16, 2019
Long-term care insurance companies paid out a record $10.3 billion in claims in 2018, according to the American Association for Long-Term Care Insurance.
AALTCI: Paid LTC insurance claims increased 4% in 2015
Feb 16, 2016
Long-term care insurance companies paid $8.15 billion in claim benefits to 260,000 individuals in 2015, according to the American Association for Long-Term Care Insurance.
California task force ponders long-term care insurance program
By
Lois A. Bowers
May 02, 2022
California is working to create a new long-term care insurance program, following in the footsteps of a state to its north.
Proposed legislation aims to make long-term care insurance more affordable
By
Kimberly Bonvissuto
Jul 26, 2021
Proposed legislation supported by some senior living associations would allow individuals to pay for long-term care insurance from existing retirement accounts without a tax penalty.
20% of long-term care insurance claims begin in assisted living, association says
By
Lois A. Bowers
Apr 23, 2018
The finding dispels myths that such insurance is used only for nursing home care, according to the American Association for Long-Term Care Insurance.
Average LTC policy claim amounts for assisted living top other settings
By
Lois A. Bowers
Jul 30, 2019
Average annual individual long-term care insurance claim amounts for care in assisted living facilities are much higher than claim amounts for home care or care in nursing facilities, according to the...
About one-fourth of private long-term care insurance claims begin and end in assisted living
By
Lois A. Bowers
Mar 26, 2019
Almost one-fourth (24.5%) of private long-term care insurance claims began in assisted living in 2018, and two percent more (26.5%) ended there, according to new data from the Los Angeles-based American...
Senators say ‘price gouging’ in assisted living makes long-term care insurance necessary
By
Lois A. Bowers
Jan 27, 2020
The “excessive prices” of assisted living, nursing home and home care make long-term care insurance a necessity, according to two Connecticut senators who on Thursday identified making long-term care...
Bill would let people tap retirement accounts for long-term care insurance
By
Lois A. Bowers
Dec 03, 2019
Individuals would be allowed to withdraw up to $2,000 per year from their retirement accounts, tax-free, to pay for long-term care insurance to fund long-term services and supports under a bill proposed...