Sales of Asset-Based LTC Insurance Rise by 20%
The study finds that more than half of male buyers of LTC policies were under age 65. In the prior year’s study, only 48% were under age 65.
Largest Long-Term Care Claim Nears $2 Million
Long-term care insurance costs are on the rise. A new study shows just how much some of those claims are worth to the insured.
Long-Term Care Insurers Launch Career Center
The American Association for Long-Term Care Insurance has launched a new Career Success Center to attract more producers to the full-time or part-time sales of LTC insurance policies. Access is free.
Rising Cost of Long-Term Care Insurance Squeezes Buyers
In its annual analysis of the premium cost for the most popular policies offered by 10 companies, AALTCI found that on average, a 55-year-old single individual who qualifies for preferred health discounts will pay $1,720 for $165,000–$200,000 in current coverage.
The Community Living Assistance Services and Support program, also known as the CLASS Act, was part of the Patient Protection and Affordable Care Act, Obama’s effort at health care reform.
Federal LTC Enrollment Soars
The Federal Long-Term Care Insurance Program, in its first major open season for enrollment since its inception, saw an increase of 20% in enrollment, with more than 45,000 now covered by the largest employer-sponsored plan in the U.S.
Health Care Law’s LTC Plan Appears Endangered by CLASS Act’s Potential Demise
The Department of Health and Human Services on Thursday denied a rumor that the office administering the LTC portion of the health reform law was being shut for good.
Health-Care Law’s LTC Program Unsustainable, Republicans Say
A group of congressional Republicans issued a report on Thursday claiming that a piece of President Barack Obama’s health-care law calling for long-term care insurance, also known as the Community Living Assistance Services and Supports Act, is financially insolvent.
Advisors Embrace Asset-Based LTC Insurance
Sales of asset-based long-term care insurance policies, those that offer an LTC component attached to a different kind of policy, are growing by leaps and bounds, and they can be easier for advisors to deal with, according to new data from the American Association for Long-Term Care Insurance, released Tuesday.
GAO Releases First Study of Long-Term Care Insurance
A Government Accounting Office study of long-term care insurance finds that nearly half of government employees who had purchased coverage chose to accept a rate increase rather than accept reduced benefits.