Long-Term Care Insurance Covers Over 7 Million People Nationwide, New AHIP Report Finds

WASHINGTON, Nov. 8 -- America's Health Insurance Plans issued the following news release:

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AHIP's new report on long-term care insurance coverage highlights the important role long-term care insurance plans play across the country.

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Every American deserves to age with grace and dignity on their terms. That's why long-term care insurance empowers people and their families with the freedom and flexibility to choose the care that works best for them.

AHIP's new report on long-term care insurance coverage highlights the important role long-term care insurance plans play in all 50 states and Washington, D.C. Details in the report include:

* 7 million: people covered by long-tern care insurance nationwide

* $155: average monthly premium per policy

* $149.7 billion: total estimated claims paid

* $170,000: estimated average claim per claimant in 2021

America is aging. By 2030, 1 in every 5 Americans will be a senior. By 2040, more than 14 million Americans will be 85 or older. Long-term care coverage can help ensure that we successfully care for this generation.

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REPORT: https://www.ahip.org/documents/AHIP_LTC_State_Data_Report.pdf

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Original text here: https://www.ahip.org/news/press-releases/long-term-care-insurance-covers-over-7-million-people-nationwide-new-ahip-report-finds