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.
As Boomers Retire, New LTC Almanac Could Prove Useful
The American Association for Long-Term Care Insurance announced Tuesday that it had released its first Long-Term Care Insurance Almanac and Book of Facts, intended to help insurance and financial professionals address the increasing number of questions raised by prospective clients and professionals who may refer clientele.
Small States Lead Rise in LTCI Policies Despite Insurer Cut Backs
AALTCI reported April 14 that 25 states saw in increase in the number of residents who own long-term care insurance, especially among smaller states.
Leading Insurers Paid $10.8 Million in Daily LTC Claims
A report released Monday by the American Association for Long-Term Care Insurance found the 10 leading LTCI companies paid $10.8 million in daily claim benefits in 2010.
New LTC Insurance Guides Give Tax Deductibility, Regulations
Two new guides providing information on the 2011 tax deductibility limits and the regulations governing long-term care insurance (LTCI) have been published and are now available from the American Association for Long-Term Care Insurance.
Long-Term Care Insurance: What It Really Costs
According to a new report from the American Association for Long-Term Care Insurance, more than a quarter of Americans under age 61 who purchased coverage in the first half of 2010 pay less than $1,000 a year.
IRS Raises Deductibility Limits for LTC Insurance
The IRS announced Tuesday that the deductibility limits for LTC insurance policies purchased in 2011 will be higher than for those purchased in 2010.
Insurance Update: Is It Really a CLASS Act?
Long-term care (LTC) insurance can be a tough sell to a limited market. Policies are often viewed as expensive thanks to well-publicized "average" costs, particularly...
Insurance Update: A Wider Embrace of LTC
The Office of Personnel Man-agement (OPM) has announced that, as of July 1, long-term care (LTC) insurance coverage will be available for the same-sex partners...
Report Shows LTCI Rates Lower Than Expected
A new report from the American Association of Long-Term Care Insurance shows what people are paying for coverage. Over one-third of Americans pay $1,499 or...