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Fewer new long-term care insurance (LTCI) claims are for people in a nursing home, and more are for people in assisted living facilities.
The American Association for Long Term Care Insurance (AALTCI) has reported data supporting that conclusion in a summary of results from a new survey of LTCI issuers.
AALTCI found that the percentage of new LTCI claims filed for insureds getting care provided in a nursing home fell to about 28% in 2017, from 32% in 2016.
The percentage for people getting care at home fell to 52%, from 54%.
The percentage for people getting care in an assisted living facility increased to 20%, from 14%.
Insurers paid a total of $9.2 billion in LTCI benefits for 295,000 insureds in 2017, up from $8.7 billion in benefits for 280,000 insureds in 2016, according to AALTCI.
— Try our Long-Term Care Planning article archive, on ThinkAdvisor.
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