“More Consumers Are Counting on Help From LTCI: Bankers Life Arm,” by Allison Bell, ThinkAdvisor
“Insurers may be retreating from the U.S. private long-term care insurance (LTCI) market, but more older Americans are hoping LTCI will help them cover long-term care costs. The percentage of older, middle-income Americans who expect to use LTCI coverage to pay for long-term care has increased to 17% this year, from 13%, according to new survey data from a research arm of Bankers Life and Casualty Company. Hope that LTCI coverage will pay the bills has increased even though only 12% of the survey participants said they have purchased LTCI coverage.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Hope springs eternal.