Friday, February 11, 2011

LTC Insurance Pays Out in 2010

The 10 leading U.S. long term care insureres paid more than $10.8 billion in daily claim benefits in 2010, according to a new AALTCI study.
This is an increase of 53% compared with the amount the same insurers paid in daily claim benefits in 2007.
The study used claims data for the approximately 5.76 million individuals covered by the insurance companies. About 31% of new individual claims are for home care, 30.5% are for assisted living and 38.5% are for skilled nursing care.