Long-term care insurance paid out $14 billion in claims last year
By
Kathleen Steele Gaivin
Jan 29, 2024
Long-term care claims are on the rise, according to the American Association for Long-Term Care Insurance, and insurers paid out a record $14 billion to policyholders in 2023.
Costs for linked-benefit long-term care insurance policies drop up to 15 percent from last year
By
Kathleen Steele Gaivin
Mar 15, 2023
Costs for linked-benefit long-term care insurance policies — policies linked with another type of policy, such as life insurance — generally are between 10% and 15% lower in 2023 than they were a year...
Almost half of all long-term care insurance applications declined for those over 70
By
Kathleen Steele Gaivin
Jul 19, 2022
Older adults aged more than 70 years have a good chance of having their applications for traditional long-term care insurance declined, according to the American Association for Long-Term Care Insurance.
Proposal would allow people to pay long-term care insurance premiums from retirement plans
By
Kimberly Bonvissuto
Jun 23, 2022
A proposal allowing people to pay their long-term care insurance premiums from their retirement plans is among the amendments to legislation aimed at helping Americans save for retirement.
Virtual reality-based therapies now covered by insurance for some long-term care residents
By
Kimberly Bonvissuto
Feb 03, 2023
Virtual reality-based therapies are now covered by insurance for some New York long-term care residents under a new partnership with an institutional special needs plan.
Government, private insurance should assume greater role in paying for long-term care: survey
By
Kimberly Bonvissuto
Sep 13, 2022
The government and private insurance should not only assume larger roles in paying for long-term care, but policies should be enacted to help older adults prepare for those costs, according to a new study.
Uber Caregiver launches insurance-covered service for older adults
By
Kimberly Bonvissuto
May 21, 2024
Older adults may now be able to use their health plans to pay for rides to medical appointments and delivery of groceries through a new Uber Caregiver program being launched this summer.
Insurance rates stabilize for senior living, skilled nursing providers
By
Kathleen Steele Gaivin
May 09, 2024
Senior living and skilled nursing providers began to see insurance rates stabilize in the fourth quarter of 2023, similar to what was seen in 2022, according to WTW’s annual Insurance Marketplace Realities...
Dementia care comes with ‘catastrophic’ costs for older adults, families, study finds
By
Kimberly Bonvissuto
Apr 25, 2024
Older adults living with dementia, and their families, often face “catastrophic” out-of-pocket payments for assisted living and other types of long-term care, necessitating alternative financing and...
Medicaid Access Rule shortcomings could decrease access to care, industry advocates say
By
Kimberly Bonvissuto
Apr 23, 2024
No guarantee exists that a final rule that the federal government promoted as increasing transparency in Medicaid payments and improving wages for direct care workers will accomplish either goal, senior...