“Average LTC policy claim amounts for assisted living top other settings,” by Lois A. Bowers, McKnight’s Senior Living
“Average individual long-term care insurance claim amounts for care in assisted living facilities are much higher than claim amounts for home care or care in nursing facilities, according to the 2019 Milliman Long Term Care Insurance Survey. Individual claims for all assisted living participants averaged $93,635, compared with $43,467 for home care and $63,751 for nursing facilities, according to the latest data, reported in Broker World. Individual claims for care in assisted living facilities are “consistently high,” the authors said. They offered four possible reasons:”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Click through for those reasons or better yet, read the Broker World article and/or our recent LTC Bullet about it. It is very good to see McKnight’s, an important LTC provider trade journal, covering LTC insurance news.