Long-term care claims rise

Long-term care claims rise

The largest long-term care insurance claim paid totaled $3 million while the largest claim still being paid has exceeded $1.7 million in paid benefits, according to a report from the American Association for Long-Term Care Insurance. “Last year the nation’s long term care insurance companies paid $6.6 billion in claim benefits to over 200,000 individuals,” Jesse Slome, AALTC executive director, said in a statement. According to the association’s report, the amount of claim benefits paid increased 8…

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