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Long-Term Care Insurance Facts - Data - Statistics - 2019 Report

The following facts are provided by the American Association for Long-Term Care Insurance based on data researched or gathered by the organization. Information may be used with proper citation (Data from the American Association for Long-Term Care Insurance, www.aaltci.org).

Click Here To Access Prior Data & Statistics (2018/2017 Association Studies)

Long-Term Care Insurance Policy Costs - 2019

Based on 2019 American Association for Long-Term Care Insurance annual Price Index survey of leading LTC insurers. Age bands released individually during Jan and Feb.

Annual Premium - Average of Leading LTC Insurance Companies
Single Male, Age 55 (Select Health)  $  2,050
Single Female, Age 55  $  2,700
Couple, Both Age 55 (cost shown is COMBINED for the couple)  $ 3,050
For Initial pool of benefits equal to $164,000 (each at age 55). Value of benefits when policyholder reaches age 85 equals $386,500 each.

Single Male, Age 60 (Select Health)  $  Coming Soon
Single Female, Age 60  $  Coming Soon
Couple, Both Age 60 (cost shown is COMBINED for the couple)  $ Coming Soon
For Initial pool of benefits equal to $164,000 (each at age 60). Value of benefits when policyholder reaches age 85 equals $333,000 each.

Single Male, Age 65 (Select Health)  $  Coming Soon
Single Female, Age 65  $  Coming Soon
Couple, Both Age 65 (cost shown is COMBINED for the couple)  $ Coming Soon
For Initial pool of benefits equal to $164,000 (each at age 65). Value of benefits when policyholder reaches age 85 equals $287,500 each.

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350,000 Americans Buy Long-Term Care Protection in 2018


Traditional policies are stand-alone (generally providing the most leverage for premium dollars). Linked-benefit (also called Combo or Hybrid) include a broad variety of Life+LTC and Annuity+LTC plans.

long term care insurance claims paid for home care

Source: American Association for Long-Term Care Insurance, March 2019

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Long-Term Care Insurance Industry Claims Paid 2015 - 2018


Total of 'traditional' long-term care industry claims paid during the respective calendar years. Number of claimants is based on approximate number of claimants on 12/31 of each calendar year.

long term care insurance claims paid 2015-2016-2017-2018

Source: American Association for Long-Term Care Insurance, January 2019

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Largest Long-Term Care Insurance Claims Paid - Thru December 31, 2018

Based on January 2019 American Association for Long-Term Care Insurance survey of leading long-term care insurers. Reflects amount paid as of 12/31/2018 for claims that are still open (still being paid).

Largest Claims Paid - Company 1
  MALEFEMALE
Total Value of Claim Paid To Date  $  2,276,381  $  2,329,333
Number of Years This Claim Has Been Paid  14 years - 2 months   16 years - 6 months

Largest Claims Paid - Company 2
  MALEFEMALE
Total Value of Claim Paid To Date  $  2,205,800  $  2,636,417
Number of Years This Claim Has Been Paid  19 years - 3 months   15 years - 4 months

Largest Claims Paid - Company 3
  MALEFEMALE
Total Value of Claim Paid To Date  $  2,091,083  $  1,727,594
Number of Years This Claim Has Been Paid  16 years - 2 months   9 years - 10 months

Largest Claims Paid - Company 4
  MALEFEMALE
Total Value of Claim Paid To Date  $  1,700,000  $  2,000,000
Number of Years This Claim Has Been Paid  15 years - 8 months   14 years - 6 months

Largest Claims Paid - Company 5
  MALEFEMALE
Total Value of Claim Paid To Date  $  1,461,256  $  2,012,385
Number of Years This Claim Has Been Paid  14 years - 3 months   11 years - 7 months

Largest Claims Paid - Company 6
  MALEFEMALE
Total Value of Claim Paid To Date  $  1,413,934  $  1,499,601
Number of Years This Claim Has Been Paid  15 years - 4 months   15 years - 6 months

Largest Claims Paid - Company 7
  MALEFEMALE
Total Value of Claim Paid To Date  $  1,179,502  $  1,316,417
Number of Years This Claim Has Been Paid  13 years - 2 months   18 years - 1 month

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Long-Term Care Insurance Industry Claims Data - Men - Women - 2018


Women account for nearly two-thirds of all long-term care insurance claims paid in 2018.

long term care insurance claims paid women men

Source: American Association for Long-Term Care Insurance, January 2019

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Ages When New Long-Term Care Insurance Claims Begin - 2018


Most new claims start after age 85. Percentage breakdown of ages when new LTCi claims were started in 2018.

long term care insurance claims paid women men

Source: American Association for Long-Term Care Insurance, January 2019

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Where New Long-Term Care Insurance Claims BEGIN - 2018


Most new claims start with care in the home. Percentage breakdown of where new LTCi claims paid for initial care in 2018.

long term care insurance claims paid for home care

Source: American Association for Long-Term Care Insurance, January 2019

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Where New Long-Term Care Insurance Claims END - 2018


Most new claims end where they began. There is a small transition from one setting (such as home care) to ALF or nursing home.

long term care insurance claims paid for home care

Source: American Association for Long-Term Care Insurance, January 2019

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Why Long-Term Care Insurance Claims End - 2018


Most claims end because of the death of the policyholder. Percentage breakdown of why LTCi claims ended.

long term care insurance claims end

Source: American Association for Long-Term Care Insurance, January 2019

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Decline Rates For LTC Insurance Applicants (2017)

long term care insurance decline rates 2017


Source: American Association for Long-Term Care Insurance study of data from leading traditional LTC insurers. April 2018.

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Long-Term Care Insurance Tax Deductible Limits - 2019

AS YOU AGE … YOUR TAX DEDUCTIBLE LIMIT INCREASES

Tax-qualified LTCi premiums are considered a medical expense. For an individual who itemizes tax deductions, medical expenses are deductible to the extent that they exceed current amount required to meet the individual's Adjusted Gross Income (AGI). The amount of the LTCi premium treated as a medical expense is limited to the eligible LTCi premiums, as defined by Internal Revenue Code 213(d), based on the age of the insured individual. That portion of the LTCi premium that exceeds the eligible LTCi premium is not included as a medical expense.

Individual taxpayers can treat premiums paid for tax-qualified long-term care insurance for themselves, their spouse or any tax dependents (such as parents) as a personal medical expense.

The Association does not provide tax advice. Speak with your accountant for specific rules and limits that apply.

2019 Long Term Care Insurance Federal Tax Deductible Limits

Taxpayer's Age At End of Tax Year - Deductible Limit
40 or less  $  420
More than 40 but not more than 50  $  790
More than 50 but not more than 60 $1,580
More than 60 but not more than 70 $4,220
More than 70 $5,270

Source: IRS Revenue Procedure: 2018-57

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