The largest open long-term care insurance claim made by a female policyholder has reached $1.8 million in paid benefits; the largest claim made by a male policyholder now exceeds $1.3 million in paid benefits, according to a new report from the American Association for Long-Term Care Insurance (AALTCI).
“Long-term care insurance companies paid $6.6 billion in benefits in 2012 to a record 264,000 individuals,” said Jesse Slome, director of the AALTCI. Roughly half of newly opened claimants received benefits for covered home care services with the rest paying for care in assisted living communities or skilled nursing homes.
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