“Don’t Underestimate the Value of Long-Term Care Insurance,” by Alicia Caramencio, AHIP

“Many people underestimate their likelihood of needing need long-term care (LTC) and how much that care will cost. People have a 50 percent chance of needing LTC at some point in life, and about 30 percent of people who do may need care for five years or more, according to a new study by LifePlans, Inc. on behalf of America’s Health Insurance Plans (AHIP).  …  Read the full report to understand the long-term care (LTC) insurance marketplace from the consumer’s point of view.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Actually, this is the latest version of LifePlans’ periodic report on “Who Buys Long-Term Care Insurance? Twenty-Five Years of Study of Buyers and Non-Buyers in 2015–2016.”  We’ll review and comment on its key findings in an LTC Bullet soon. 

Don’t Underestimate the Value of Long-Term Care Insurance