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Life Health > Long-Term Care Planning

Share of LTCI Claims Starting With Nursing Home Care Falls: AALTCI

By Allison Bell

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Fewer new long-term care insurance (LTCI) claims are for people in a nursing home, and more are for people in assisted living facilities.

The American Association for Long Term Care Insurance (AALTCI) has reported data supporting that conclusion in a summary of results from a new survey of LTCI issuers.

(Related: Typical Long-Term Care Claims Are for Home Care, Group Says)

AALTCI found that the percentage of new LTCI claims filed for insureds getting care provided in a nursing home fell to about 28% in 2017, from 32% in 2016.

The percentage for people getting care at home fell to 52%, from 54%.

The percentage for people getting care in an assisted living facility increased to 20%, from 14%.

Insurers paid a total of $9.2 billion in LTCI benefits for 295,000 insureds in 2017, up from $8.7 billion in benefits for 280,000 insureds in 2016, according to AALTCI.

— Try our Long-Term Care Planning article archive, on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on Facebook and Twitter.

Allison Bell

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NOT FOR REPRINT

© 2024 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.

NOT FOR REPRINT

© 2024 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.