Long-term care insurance covers home care for claimants
To create heightened awareness of the fact that most long-term care insurance claims begin in the home, the American Association for Long-Term Care Insurance (AALTCI) has released a new infographic.
“More than half of all newly opened long-term care insurance claims begin with the policyholder receiving care in their own home,” states Jesse Slome, director of long-term care insurance organization. “Too many people only associate long-term care insurance with care received in a skilled nursing home setting which simply is not the case.”
According to a study conducted by the association, some 52.1 percent of all new long-term care insurance claims that started in 2017 began in the home setting. AALTCI created a special infographic that will be available to requesting members that promotes this important fact. The Association develops multiple tools that can be used by agents who market insurance products.
“We know that consumers want to remain in their own homes and having a long-term care insurance policy can make it easier for them to do just that,” Slome shared with top LTC experts. “Home care benefits from a long-term care insurance policy is one fact that surprises consumers,” Slome adds. “The other is that policies, especially for those wanting home care benefits, can be more affordable than many people think.”
In addition to traditional LTC policies, in many states consumers can obtain short-term care insurance coverage that will provide home care benefits for up to 360 days. “A significant percentage of home care claims last one year or less, making this a very viable and affordable option,” Slome suggests.
Consumers who want to learn more about long-term care insurance costs and planning options can call the American Association for Long-Term Care Insurance at 818-597-3227 or visit the organization’s website at www.aaltci.org to find and connect with local LTC insurance professionals.
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