Podcast Center
Video Center
Webcasts
Resource Center
Events
March 13, 2013 at 09:20 AM
The cost of a typical U.S. individual long-term care insurance (LTCI) policy increased 20 percent between 2012 and 2013, to about $2,065 in premiums per year.
The American Association for Long-Term Care Insurance has reported that finding in a preview of the data that will appear in its new national LTCI price index report.
A year ago, AALTCI was reporting that the cost of comparable coverage was up 16 percent.
AALTCI came up with the 2013 price figure by looking at the cost of coverage for a 55-year-old, single individual who is buying $162,000 in current benefits.
The group comes up with the price index data by conducting a survey of 12 LTCI carriers. The group gets price information for couples as well as for single individuals.
