“Most who collect long-term care insurance benefits not in nursing homes,” by Kimberly Marselas, McKnight’s LTC News
“The evolving nature of long-term care insurance policies means fewer beneficiaries end up in nursing homes, according to an industry group that released a new claims analysis Friday. More than half (52.1%) of all new long-term care insurance claims began in the home setting in 2017, according to the American Association for Long-Term Care Insurance. ‘People continue to mistakenly associate long-term care insurance exclusively with skilled nursing home care,’ said Jesse Slome, director of the long-term care insurance organization. ‘Nearly one in five claims (19.7%) started in an assisted living facility and only 28.2% commenced in a skilled nursing home.’”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Most of us knew this. What’s interesting is that the LTC provider trade press picked up the story.