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.
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.
Bill would reform tax code to make long-term care insurance more affordable, accessible
By
Lois A. Bowers
Mar 22, 2022
Legislation introduced last week in the House of Representatives would reform the tax code in an effort to make long-term care insurance more affordable and accessible for older adults. It has the backing...
Long-term care insurance needs makeover, rebranding, expert says
By
Kathleen Steele Gaivin
Feb 14, 2022
Long-term care insurance is needed now more than ever, but the concept needs rebranding, according to the American Association for Long-Term Care Insurance.
80 is the mean age for long-term care insurance claims, study finds
By
Kathleen Steele Gaivin
Jan 25, 2022
An analysis of 5,439 long-term care insurance policy holders found that 80 is the mean age at which a claim is filed, according to a report published Friday by the American Association for Long-Term Care...
Thousands of Washingtonians look to opt out of long-term care insurance tax
By
Kathleen Steele Gaivin
Sep 09, 2021
Washington state is set to launch next year the nation’s first publicly operated insurance program next year to help offset residents’ future long-term care costs, but not all workers are on board...
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.