“Many people mistakenly believe that most long-term care insurance claims relate to care in skilled nursing facilities,” explains
The organization provides a compendium of the latest relevant data regarding long term care insurance, including claims usage. “One of the more interesting facts that have just been revealed is that almost a third of home care seekers are recovering,” Slome shares. The data was shared with the Association by LTCG, one of the nation’s largest plan administrators. The number considered requests for home care before the pandemic.
“The need for long-term care can arise for many reasons,” Slome notes. “In fact, many times the need for care can be long, hence the name of the insurance coverage. But it can also be relatively short and this data shows that indeed a significant percentage of those who make a claim recover and no longer claim, ”Slome Notes. When a policyholder makes a claim, they usually stop paying the premiums for their insurance coverage. Likewise, when a claim stops, premium payments begin again.
Contact by e-mail
Read the full article here: https://www.pr.com/press-release/846196
Press release distributed by PR.com