Claims Paid 2021 By Long-Term Care Insurers Grew By $700 Million

The nation’s long-term care insurers paid out $12.3 Billion in claims during 2021. That represents a significant increase over prior years according to the American Association for Long-Term Care Insurance (AALTCI).

“Take note if you doubt the value of long-term care insurance protection or question whether insurers are paying claimants,” reports Jesse Slome, AALTCI’s director. “The amount of claim benefits paid to policyholders grew by approximately $700 million compared to the 2020 payout.”

 

Claims Paid 2021 By Long-Term Care Insurers Grew By $700 Million

 

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