“80 is the mean age for long-term care insurance claims, study finds”

 

“80 is the mean age for long-term care insurance claims, study finds,” by Kathleen Steele Galvin, McKnight’s Senior Living


  

Quote:

“An analysis of 5,439 long-term care insurance policy holders found that 80 is the mean age at which a claim is filed, according to a report published Friday by the American Association for Long-Term Care Insurance. … The mean amount paid per claimant to date was $142,043, but the largest claim was $1.9 million, [AALTCI president Jesse Slome] said.”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

The front cusp of the baby boom turns 80 in 2026. So, expect an age wave of long-term care need. LTCI carriers are ready, having raised premiums to ensure adequate reserves. Medicaid and Medicare are unready, having allowed their unfunded liabilities to skyrocket.