“How Your Retired Prospects’ Coverage Has Changed,” by Allison Bell, ThinkAdvisor

“U.S. retirees may be covering their eyes and teeth better, but they may have less protection against long-term care (LTC) and disability risk than they did just two years ago. … The Transamerica Center for Retirement Studies released a new batch of U.S. retiree survey data today. … The percentage with dental insurance increased a little, and the percentage with vision insurance increased a lot: 40% now have dental coverage, and 35% have vision coverage. But the percentage with disability insurance fell a little, and the percentage with private long-term care insurance (LTCI) fell a lot, to just 12%. The drop in LTCI use may be due to some insurers’ retreat from that market, but the drop in critical illness insurance use may represent a real gap between what insurers sold and what they’d like to sell. … Links to the Transamerica center retiree survey reports, and related documents, are available here.”

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

This Transamerica report has garnered quite a lot of media coverage.