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August 06, 2008 at 08:45 AM
U.S. long term care insurers paid benefits to about 180,000 individual claimants in 2007, according to the American Association for Long-Term Care Insurance.
Researchers at the AALTCI, Westlake Village, Calif., came up with the figure by conducting a survey of 60 insurers that insure about 98% of all U.S. LTC insurance policies now in force.
The U.S. LTC insurance industry paid about $3.5 billion in benefits in 2007, up from $3.3 billion in 2006, the AALTCI says.
About 43% of the claims paid were for home care; 32%, for assisted living; and 24%, for nursing home care.
