Twenty-five states reported a double-digit percentage increase in the number of residents with long-term care insurance according to annual data compiled by the American Association for Long-Term Care Insurance (AALTCI).
Smaller states recorded the greatest percentage growth compared to the prior year's report.
"The number of insured individuals in Alaska grew by nearly 130 percent," explains Jesse Slome, AALTCI's executive director. "Other smaller states like Wyoming (62 percent) and Vermont (48 percent) saw significant increases as well."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.