March 11, 2010 at 07:00 PM
The number of Massachusetts residents with individual private long term care insurance increased to 97,644 in 2008, up about 23% from the total who had coverage in 2004.
Officials in the Massachusetts Division of Insurance have published those figures in a summary of results from a 2010 survey.
The number of group LTC insureds increased 16%, to 55,214.
But the average age of increased to 65.3, from 61.9, in the individual market, and to 50.4, from 47.7, in the group market.
The average premium for plans sold in a particular year increased to about $2,700, from about $2,300, in the individual market, and to about $513, from about $486, in the individual market.
NOT FOR REPRINT
© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Copyright © 2023 ALM Global, LLC. All Rights Reserved.
