Trending...
- California: Three years after the end of Roe, Governor Newsom, First Partner sound the alarm on Trump's "Big, Beautiful" plan to defund Planned Parenthood - 114
- Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: ASTI
- California awards over $15 million to apprenticeship programs connecting youth to high-paying jobs
LOS ANGELES - Californer -- Half of long-term care insurance claims begin when policyholders are in their 80s according to data reported today by the American Association for Long-Term Care Insurance.
"Millions of Americans are living into their 80s, 90s and even 100s," explains Jesse Slome, director of the long-term care insurance organization. "When you live a long life, the likelihood that you'll need some long-term care increases exponentially."
The Association has just posted data regarding ages when long-term care insurance claims begin. "Half of claims begin between 80 and 89," Slome reports. "Some 27 percent begin between age 80 and 84, with 23 percent between ages 85 and 89." Twelve (12) percent of claims begin when the policyholder is age 90 and older.
If an individual wants the benefits of long-term care insurance to pay for needed care, coverage must generally be purchased prior to turning age 65. "Unfortunately, many people don't do any planning until the need for care is either imminent or already present," Slome admits. "At that point it is too late because insurance companies will only issue policies to those who can health qualify."
More on The Californer
According to the Association the average age for those buying new traditional long-term care insurance policies remains between 56 and 57. "The cost of coverage will be significantly less than if you wait until your 60s or 70s," Slome explains.
The organization recently undertook a campaign reporting long-term care insurance claims statistics. Data can be accessed at https://www.aaltci.org/long-term-care-insurance/learning-center/ltcfacts-2022.php.
"We regularly encounter denial among consumers who mistaken believe there's little or no risk," Slome concludes. "We share real information focused on how many people need long-term care and how and when they benefit from owning long-term care insurance. The hope is that an educated consumer will better understand the risk they face and get information to decide what is best for their needs."
The American Association for Long-Term Care Insurance (AALTCI) advocates for the importance of planning and supports insurance professionals who market both traditional and hybrid LTC solutions. To obtain long-term care insurance costs from a long-term care insurance specialist call the organization at 818-597-3227 or visit their website https://www.aaltci.org/ltcfacts-2022/.
"Millions of Americans are living into their 80s, 90s and even 100s," explains Jesse Slome, director of the long-term care insurance organization. "When you live a long life, the likelihood that you'll need some long-term care increases exponentially."
The Association has just posted data regarding ages when long-term care insurance claims begin. "Half of claims begin between 80 and 89," Slome reports. "Some 27 percent begin between age 80 and 84, with 23 percent between ages 85 and 89." Twelve (12) percent of claims begin when the policyholder is age 90 and older.
If an individual wants the benefits of long-term care insurance to pay for needed care, coverage must generally be purchased prior to turning age 65. "Unfortunately, many people don't do any planning until the need for care is either imminent or already present," Slome admits. "At that point it is too late because insurance companies will only issue policies to those who can health qualify."
More on The Californer
- California: Department of Defense agrees: it's time for Trump's militarization of Los Angeles to end
- Long Beach: City Launches Internet Service Enrollment Line
- Von Rock Law Founder Deidre Von Rock Named Super Lawyer for 2025
- California: Governor Newsom extends emergency short-term housing protections in Los Angeles
- Von Rock Law Named SFGate's Best Probate and Estate Attorney in 2025
According to the Association the average age for those buying new traditional long-term care insurance policies remains between 56 and 57. "The cost of coverage will be significantly less than if you wait until your 60s or 70s," Slome explains.
The organization recently undertook a campaign reporting long-term care insurance claims statistics. Data can be accessed at https://www.aaltci.org/long-term-care-insurance/learning-center/ltcfacts-2022.php.
"We regularly encounter denial among consumers who mistaken believe there's little or no risk," Slome concludes. "We share real information focused on how many people need long-term care and how and when they benefit from owning long-term care insurance. The hope is that an educated consumer will better understand the risk they face and get information to decide what is best for their needs."
The American Association for Long-Term Care Insurance (AALTCI) advocates for the importance of planning and supports insurance professionals who market both traditional and hybrid LTC solutions. To obtain long-term care insurance costs from a long-term care insurance specialist call the organization at 818-597-3227 or visit their website https://www.aaltci.org/ltcfacts-2022/.
Source: AALTCI
Filed Under: Consumer
0 Comments
Latest on The Californer
- Long Beach: LA28 Announces Finalized Sailing Venue Plan for 2028 Olympic Games
- Individual Software Announces New Versions of its Four Typing Programs in 2025
- Britt Michaelian Brings Transformative Art & Wellness to The Ecology Center's Peace Dome
- California: Governor Newsom urges safety this Fourth of July after 600,000 pounds of illegal explosives seized
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- Mental and Emotional Self-Management, Practical Tools for Trauma-Informed Stress Management
- CGI+ Sells Multifamily Development Site in Los Angeles' South Bay to JPI for $40 Million
- MicroStrategy Incorporated (MSTR) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
- Alten Construction awarded Encinal Junior and Senior High School project
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
- Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids
- Franco Polished Plaster Celebrates 35 Years of Bringing Walls to Life in the UK
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
- Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
- Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
- Winners Announced for Asia Pacific Business Awards 2024-2025
- Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty