About 75 percent of people aged 65 or older will need to take advantage of long term care services, regardless of their race or economic background. Unfortunately, it seems only certain members of the population are taking advantage of the one thing that could best help them prepare for a long term care event — long term care insurance.

According to a new study by the Urban Institute, 10.7 percent (4.8 million) of adults aged 55 and older had long term care insurance coverage in 2008. While that percentage is small, it’s nothing compared to the number of minorities with coverage; only 3 percent of Africans Americans and 2.4 percent of Hispanics in the same age bracket had private LTCI.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.