Most new long term care insurance claims are for women needing home care or nursing home care reports a study by the American Association for Long-Term Care Insurance.
Los Angeles, CA, August 06, 2012 –(PR.com)– Almost two-thirds of all newly opened long term care insurance claims are for women according to a just published report by the American Association for Long Term Care Insurance.
“Women live longer than men and are far more likely to have a need for long term care,” states Jesse Slome, executive director of the American Association for Long Term Care Insurance a national trade organization that supports insurance professionals who market this protection. “Women make up the majority of Americans in nursing homes and are far more likely to get debilitating conditions like Alzheimer’s disease.”
According to the Association’s annual survey of newly opened long term health care insurance claims, some 65 percent of new qualifying claims in 2011 were begin by women. “The majority of claims were for care received in the policyholder’s own home,” Slome reports. “Most people connect long term care insurance with a skilled nursing facility but the truth is most people buy it and use it because they want to avoid a stay in a nursing home.”
The information is published in the organization’s 2012 Long Term Care Insurance Sourcebook. Some 32 percent of all new claims opened during the year were made by women for care at home. “Long term care insurance policies typically cover care at home, in an assisted living community or a skilled nursing home facility,” Slome notes. Some eight million Americans have some form of long term care insurance protection and the industry paid out $6.6 billion in claims to over 200,000 individuals last year.
Copies of the 2012 Long Term Care Insurance Sourcebook can be obtained from the American Association for Long-Term Care Insurance. The organization serves the public by educating Americans about the importance of planning for the risk of needing long term care. For additional information on long term care insurance costs or to connect with a specialist member of the Association call (818) 597-3227 or visit the organization’s website.
American Association for Long-Term Care Insurance