Long-term care insurance (LTCI) providers paid $11 billion in benefits to 310,000 claimants in 2019.
The American Association for Long-term Care Insurance (AALTCI) is reporting those figures in a new batch of LTCI market data.
- A collection of AALTCI long-term care insurance statistics is available here.
- An article about AALTCI long-term care insurance claims statistics is available here.
The total amount of LTCI benefits paid was 6.8% higher in 2019 than in 2018.
The number of claimants increased just 2.3%, to 310,000.
The average amount of benefits paid per claimant increased 4.4%, to about $35,500.