For many people with private, stand-alone long-term care insurance (LTCI), LTCI may act as insurance against the holder having to go into a nursing home.
Jesse Slome has raised that possibility in a batch of Connecticut Partnership for Long-Term Care data he has crunched for the American Association for Long-Term Care Insurance (AALTCI).
(Related: LTCI Policyholders Should Try to Put Up With Rate Hikes: Jesse Slome)
The numbers from Connecticut may not necessarily represent what happens in the rest of the United States perfectly.
Connecticut is known for having some of the United States’ most expensive nursing homes.