Press Releases from American Association for Long-Term Care Insurance (6 total)
Hybrid Long-Term Care Price Index Released
A 55-year-old male can expect to pay between $5,200 and $6,100 annually for a typical hybrid long-term care insurance policy according to the American Association for Long-Term Care Insurance (AALTCI). A woman, also age 55 will pay between $1,000 and $2,000 more.
"Hybrid or linked-benefit long-term care policies are growing in popularity but there can be significant differences in price and future benefit values," explains Jesse Slome, director of the…
New Linked Benefit Long-Term Care Insurance Resource Center Launched
A new online resource center focused on linked benefit long-term care insurance has been launched by the American Association for Long-Term Care Insurance.
"Linked benefit long-term care insurance is now the favored choice of consumers buying protection," states Jesse Slome, director of the American Association for Long-Term Care Insurance. "However, there are many things consumers don't know about these products. The Association's new resource center will be designed to…
Long-Term Care Insurance Claims Paid For 2021 Reported
Some $12.3 Billion in claims was paid out by the nation’s long-term care insurers in 2021. The figure represents a significant increase over prior years according to the American Association for Long-Term Care Insurance (AALTCI).
“Consumers question the value of long-term care insurance protection,” says Jesse Slome, AALTCI’s director. “They ask whether insurers are paying claimants. The latest data shows that indeed they are paying more dollars to more…
Association Launches Campaign Focused On Long-Term Care Insurance Claims
An awareness and educational campaign focused on long-term care insurance claims is being initiated by the American Association for Long-Term Care Insurance.
"If you want to know how much long-term care insurance protection to buy, it's helpful to know how and how much insurance benefits people actually use," explains Jesse Slome, director of the long-term care insurance organization. "Information on policy claims can be very valuable for consumers considering buying…
Covid-Experience Creating New Insurance Sales Opportunities For Agents
The Covid experience is going to make people very aware of their health vulnerability and that presents insurance agents with an opportunity.
"Covid has changed how people view their health and more individuals will be interested in understanding how to plan for future risks," explains Jesse Slome, director of the American Association for Long-Term Care Insurance as well as the American Association for Medicare Supplement Insurance. "Insurance agents are already…
Home Care Dominates The Majority Of Long-Term Care Insurance Claims
More than two-thirds of new long-term care insurance policy claimants receive benefit payments covering care in their own home according to the American Association for Long-Term Care Insurance.
"People mistakenly associate long-term care insurance exclusively with nursing home care," explains Jesse Slome, director of the organization. "When care is needed, people prefer to remain in the familiar surroundings and comfort of their own home. Long-term care insurance can cover…
