Latest Long-Term Care Insurance Claims Data Provides Insights Reports AALTCI
A just-published report from the
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Slome was one of the early supporters of Partnership plans and the first outside marketing consultant retained by the
According to Slome, the data looked at some 37,201 policies in force. "For me, the key data I look for is claimant data," Slome explains. "People want to know if owning long-term care insurance pays. By pays, they mean, do insurers pay benefits, at what ages and how much."
"Of the 6,878 total claimants, 60 percent represented care by a home health aide or a home visit by skilled nursing," Slome points out. "Only 34 percent of claims were for nursing home and 29 percent for assisted living."
Other key points shared include the average time elapsed between purchase date and claim eligibility date (16 years) and maximum policy benefit paid to date
To view more of the 2024 claims data, go to https://www.aaltci.org/news/long-term-care-insurance-association-news/2024-long-term-care-insurance-claims.
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Read the full story here: https://www.pr.com/press-release/920529
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