A recent report by The American Health Care Association and National Center for Assisted Living shows the LTC industry generates $529 billion in total economic activity, supports and creates over 5.4 million jobs and returns over $60 billion in taxes to federal and state governments annually.
Archive for the ‘LTC in the News’ Category
LTC Industry Critical to Economic Future of America
3 in 4 Need More
Mutual of Omaha is one of six LTCi carriers backing the “3 in 4 Need More” campaign designed to encourage Americans to educate themselves about the need for LTCi. According to industry expert Margie Barrie, about three in four people need some form of LTCi to cover longer lasting illnesses not covered by health insurance.
Long-Term Care Insurance Claims Report
The nation’s 10 leading long-term care insurance companies paid over $10.8 million in claim benefits in 2010 according to a new study conducted by the American Association for Long-Term Care insurance (AALTCI).
No Long-Term Care Insurance? Uh-oh
According to a recent article posted on msn.com, skipping long-term care insurance could destroy peoples’ finances or vaporize their kids’ inheritances. The article contends that not buying a policy could be one of the most expensive mistakes they’ll ever make.