Nearly Half of LTC Claimants Are Under Age 65
- Largest LTCI Claim Surpasses $1.2M. // Agent's Sales Journal;Aug2009, p6
The article reports that the largest open long term care insurance claim exceeded 1.2 million dollars in paid benefits in the U.S. according to the American Association for Long-Term Care Insurance. It notes that the claimant purchased coverage at age 43 with payments of annual premium of 1,800...
- IFA in plea for common ADLs. Boles, Corey // Money Marketing;4/4/2002, p7
Focuses on the proposal of financial advisers to create common terms and conditions for long term care insurance claims. Discussion on insurance policy provision on activities of daily living; Process of full or partial insurance claims.
- LTC policyholders vulnerable. // McKnight's Long-Term Care News;Mar2014, Vol. 35 Issue 3, p16
The article presents a report titled "Boston Globe" that revealed around 150,000 state residents holding long-term care insurance policies remain vulnerable to unwarranted claim denials in Massachusetts as of March 2014.
- LTC: Not Just For the Elderly. // Best's Review;Jan2007, Vol. 107 Issue 9, p17
The article reports that almost 58 percent of submitted claims for the UnumProvident Corp.'s group long-term-care insurance in the U.S. are for people under the age of 65 years. Top causes of the claims cancer, stroke, neurological diseases, dementia and multiple sclerosis. It is stated that the...
- FLTCIP Offered Enrollees Options to Change Their Benefits to Limit the Premium Increase; Nearly Half Made No Changes. // GAO Reports;8/10/2011, p23
The article focuses on the alternative options offered by the Federal Long-Term Care Insurance Program (FLTCIP) to enrollees to limit their premium increase. It says that FLTCIP has informed its enrollees about the premium increase by sending them personalized letters in October 2009 and offered...
- Claims. BELL, ALLISON // National Underwriter / Life & Health Financial Services;May2013, Vol. 117 Issue 5, p46
The article discusses how insurers in the health sector handle the claims made by their consumers. The author says that an organization can feed the data into a website that would break the information on the basis of the type of claim, such as medical insurance, disability insurance, and...
- It's Time to Fix LTC Insurance. Kitces, Michael // Financial Planning;Feb2015, Vol. 45 Issue 2, p50
The article focuses on fixing problems associated with long-term care insurance (LTC) in the U.S. Topics discussed include one of the major challenge with LTC as increasing volume of lower-cost claims, data from the American Association of Long- Term Care Insurance, on nursing home stays and...
- Flexible Benefits. Thompson, Helen // Advisor Today;Dec2005, Vol. 100 Issue 12, p18
The article reports that MedAmerica Insurance Co. has introduced a new long-term care insurance called Group Simplicity in the U.S. that provides employers of all sizes with the same benefits. As stated in the article, Group Simplicity offers an easy-to-understand long-term care benefit. In...
- 'Tight' LTC Writers Have Lower Claim Ratios. Bell, Allison // National Underwriter / Life & Health Financial Services;10/9/2000, Vol. 104 Issue 41, p3
States that tight long-term care (LTC) insurance have lower claims costs than insurers that apply loose standards. Average claims cost ratio of tight LTC underwriters; Reason of some carriers for imposing strict underwriting procedures; Cumulative ratio of actual claims from 1991 to 1998.