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Long-Term Care Insurance Facts - Data - Statistics - 2022 Reports

The information and data provided below from the American Association for Long-Term Care Insurance is 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) unless as indicated otherwise. THANK YOU..

21 FACTS - 2021 - Click Here To Access 2021 Long-Term Care Insurance Data & Statistics

16 FACTS - 2020 - Click Here To Access 2020 Long-Term Care Insurance Data & Statistics

18 FACTS - 2019 - Click Here To Access 2019 Long-Term Care Insurance Data & Statistics

Click Here To Access 2017 / 2018 Long-Term Care Insurance Data & Statistics

linked benefit long term care insurance rates 2022
Click Here To See 2022 Linked Benefit LTC Price Index

2022 Long-Term Care Insurance Information - Click on the links to 'jump'


Long-Term Care Insurance Policy Costs - 2022 - PURCHASE AGE 55

Based on 2022 American Association for Long-Term Care Insurance annual Price Index survey of leading LTC insurer(s) selected by consumers. Initial policy benefit equals $165,000.

Rates shown below reflect "Select" health which is more costly than "Preferred" health.
If you are in Preferred health, you can benefit from lower rates - a reason to comparison shop.



Annual Premium - Purchase Age 55
Single Male, Age 55 (Select Health) $165,000 level benefits  $ 950
Single Male, Age 55 (Select Health) benefits grow at 1% yearly  $ 1,375
Single Male, Age 55 (Select Health) benefits grow at 2% yearly  $ 1,750
Single Male, Age 55 (Select Health) benefits grow at 3% yearly  $ 2,220
Single Male, Age 55 (Select Health) benefits grow at 5% yearly  $ 3,685

Single Female, Age 55 (Select Health) $165,000 level benefits  $ 1,500
Single Female, Age 55 (Select Health) benefits grow at 1% yearly  $ 2,150
Single Female, Age 55 (Select Health) benefits grow at 2% yearly  $ 2,815
Single Female, Age 55 (Select Health) benefits grow at 3% yearly  $ 3,700
Single Female, Age 55 (Select Health) benefits grow at 5% yearly  $ 6,400

Couple Both Age 55 (Select Health) $165,000 level benefits  $ 2,080 combined
Couple Both Age 55 (Select Health) benefits grow at 1% yearly  $ 3,000 combined
Couple Both Age 55 (Select Health) benefits grow at 2% yearly  $ 3,870 combined
Couple Both Age 55 (Select Health) benefits grow at 3% yearly  $ 5,025 combined
Couple Both Age 55 (Select Health) benefits grow at 5% yearly  $ 8,575 combined

PERCENTAGE DIFFERENCE BETWEEN LOWEST & HIGHEST PRICES - with the 3% Option
Couple (57%)


Rates above are for an initial pool of benefits equal to $165,000 (each at age 55). Value of benefits when policyholder reaches age 85 equals $222,400 each (@1%), $298,900 (@2%) or $400,500 each (@ 3%). Prices for State of IL. Prices can vary by State. Calculated: January 2022 and subject to change by the various insurers.

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Long-Term Care Insurance Policy Costs - 2022 - PURCHASE AGE 60

Based on 2022 American Association for Long-Term Care Insurance annual Price Index survey of leading LTC insurer(s) selected by consumers. Initial policy benefit equals $165,000.

Annual Premium - Purchase Age 60
Single Male, Age 60 (Select Health) $165,000 level benefits  $  1,175
Single Male, Age 60 (Select Health) benefits grow at 1% yearly  $  1,600
Single Male, Age 60 (Select Health) benefits grow at 2% yearly  $  2,000
Single Male, Age 60 (Select Health) benefits grow at 3% yearly  $  2,525
Single Male, Age 60 (Select Health) benefits grow at 5% yearly  $  3,800

Single Female, Age 60 (Select Health) $165,000 level benefits  $  1,900
Single Female, Age 60 (Select Health) benefits grow at 1% yearly  $  2,550
Single Female, Age 60 (Select Health) benefits grow at 2% yearly  $  3,300
Single Female, Age 60 (Select Health) benefits grow at 3% yearly  $  4,300
Single Female, Age 60 (Select Health) benefits grow at 5% yearly  $  6,600

Couple Both Age 60 (Select Health) $165,000 level benefits  $  2,600 combined
Couple Both Age 60 (Select Health) benefits grow at 1% yearly  $  3,525 combined
Couple Both Age 60 (Select Health) benefits grow at 2% yearly  $  4,525 combined
Couple Both Age 60 (Select Health) benefits grow at 3% yearly  $  5,800 combined
Couple Both Age 60 (Select Health) benefits grow at 5% yearly  $  8,750 combined

Long-Term Care Insurance Policy Costs - 2022 - PURCHASE AGE 65

Based on 2022 American Association for Long-Term Care Insurance annual Price Index survey of leading LTC insurer(s) selected by consumers. Initial policy benefit equals $165,000.

Annual Premium - Purchase Age 65
Single Male, Age 65 (Select Health) $165,000 level benefits  $  1,700
Single Male, Age 65 (Select Health) benefits grow at 1% yearly  $  2,165
Single Male, Age 65 (Select Health) benefits grow at 2% yearly  $  2,600
Single Male, Age 65 (Select Health) benefits grow at 3% yearly  $  3,135
Single Male, Age 65 (Select Health) benefits grow at 5% yearly  $  4,200

Single Female, Age 65 (Select Health) $165,000 level benefits  $  2,700
Single Female, Age 65 (Select Health) benefits grow at 1% yearly  $  3,400
Single Female, Age 65 (Select Health) benefits grow at 2% yearly  $  4,230
Single Female, Age 65 (Select Health) benefits grow at 3% yearly  $  5,265
Single Female, Age 65 (Select Health) benefits grow at 5% yearly  $  7,225

Couple Both Age 65 (Select Health) $165,000 level benefits  $  3,750 combined
Couple Both Age 65 (Select Health) benefits grow at 1% yearly  $  4,735 combined
Couple Both Age 65 (Select Health) benefits grow at 2% yearly  $  5,815 combined
Couple Both Age 65 (Select Health) benefits grow at 3% yearly  $  7,150 combined
Couple Both Age 65 (Select Health) benefits grow at 5% yearly  $  9,675 combined

PERCENTAGE DIFFERENCE BETWEEN LOWEST & HIGHEST PRICES - with the 3% Option
Couple (17%)


Rates above are for an initial pool of benefits equal to $165,000 (for EACH)(each at age 65). Value of benefits when EACH policyholder reaches age 85 equals $201,300 each (@1%), $245,200 (@2%) or $296,000 each (@ 3%). Prices for State of IL. Prices can vary by State. Calculated: January 2021 (Age 60 added July 2021)

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Compare Traditional Long-Term Care Insurance to Linked Benefit
- NO Inflation Growth -

IMPORTANT: Linked-benefit products today vary significantly and it is virtually impossible to provide an "apples-to-apples" comparison. The examples below are as close as we can come; designed to give consumers a good starting point. It is important to work with a knowledgeable long-term care insurance who can educate you and compare the various options.

Traditional Long-Term Care Insurance Policy - NO INFLATION GROWTH - YEARLY PREMIUMS
Single Male, Age 55 - Pool of LTC Benefits = $165,000  $  950
Single Female, Age 55 - Pool of LTC Benefits = $165,000  $  1,500
Linked-Benefit (Life Insurance + LTC) Policy - Company A - YEARLY PREMIUM PAYMENTS
Single Male, Age 55 - Pool of LTC Benefits = $180,000 / Min. death benefit = $120,000  $  4,625
Single Female, Age 55 - Pool of LTC Benefits = $180,000 / Min. death benefit = $120,000  $  4,600
Linked-Benefit (Life Insurance + LTC) Policy - Company B - ONE SINGLE PREMIUM PAYMENTS
Single Male, Age 55 - Pool of LTC Benefits = $180,000 / Min. death benefit = $130,000  $  75,900
Single Female, Age 55 - Pool of LTC Benefits = $180,000 / Min. death benefit = $130,000  $  77,000
Linked-Benefit (Life Insurance + LTC) Policy - Company C - YEARLY PREMIUM PAYMENTS
Single Male, Age 55 - Pool of LTC Benefits = $167,000 / Min. death benefit = $167,000  $  5,010
Single Female, Age 55 - Pool of LTC Benefits = $167,000 / Min. death benefit = $167,000  $  4,550

Rates above include NO INFLATION GROWTH OPTION so benefit pool WILL NOT INCREASE. Prices can vary by State and subject to change by the various insurers. Calculated: January 2022

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Compare Traditional Long-Term Care Insurance to Linked Benefit
- WITH 3% Annual Inflation Growth -

IMPORTANT: Linked-benefit products today vary significantly and it is virtually impossible to provide an "apples-to-apples" comparison. The examples below are as close as we can come; designed to give consumers a good starting point. It is important to work with a knowledgeable long-term care insurance who can educate you and compare the various options.

Traditional Long-Term Care Insurance Policy - With 3% Annual Growth - YEARLY PREMIUMS
Single Male, 55 - LTC Benefits @ Age 90 = $464,300 / no death benefit $ 2,220
Single Female, 55 - LTC Benefits @ Age 90 = $464,300 / no death benefit  $ 3,700
Linked-Benefit (Life Insurance + LTC) Policy - Company A - YEARLY PREMIUM PAYMENTS
Single Male, 55 - LTC Benefits @ Age 90 = $521,850 / $226,000 growing death benefit  $  6,300
Single Female, 55 - LTC Benefits @ Age 90 = $521,850 / $242,500 growing death benefit  $  6,750
Linked-Benefit (Life Insurance + LTC) Policy - Company C - YEARLY PREMIUM PAYMENTS
Single Male, 55 - LTC Benefits @ Age 90 = $455,300 / Min. death benefit = $167,0000  $  6,710
Single Female, 55 - LTC Benefits @ Age 90 = $455,300 / Min. death benefit = $167,000  $  7,210
Policies include a 3% annual inflation growth option so benefits increase each year the policy is in place.. Prices can vary by State. Calculated: January 2022

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Issue Age for New (Traditional) LTC Insurance Policies (2021)

"The sweet spot for applying for long-term care insurance is between ages 55 and 65. After age 70, it becomes difficult to find and be accepted for traditional LTC insurance coverage. Numbers in 2021 skewed younger BECAUSE of the State of Washington program where many younger people applied for LTC insurance in order to avoid a tax imposed by the State of Washington," explains Jesse Slome, director of the American Association for Long-Term Care Insurance.
Note: the numbers in RED represent the 2020 issue ages. In 2020, 54% of applicants were between ages 55 and 64.

issue age long term care insurance 2021

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Percentage of LTC Insurance Applicants Declined (2021)

"Your money pays for long-term care insurance, but it's your health that really buys it. Insurers decline nearly half of those who apply after age 70," explains Jesse Slome, director of the American Association for Long-Term Care Insurance.

long term care insurance applicants declined 2021

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Total Amount Of Claims Paid (2018 - 2021)

Amount of long-term care insurance claims paid for traditional LTCi policies. No figure available for hybrid or other policies.

long term care insurance claims paid 2021

When citing data, please credit: "American Association for Long-Term Care Insurance, 2022, www.aaltci.org"

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What Ages Do (Traditional) Long-Term Care Insurance Claims Begin

Most long-term care insurance claims begin when the policyholder is in their 80s or older. Half begin between ages 80 and 89.

age long term care insurance claims 2022 statistics data

When citing data, please credit: "American Association for Long-Term Care Insurance, 2022, www.aaltci.org"

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Where Do (Traditional) Long-Term Care Insurance Claims Begin

The vast majority (73%) of new long-term care insurance claims begin with care received at home. Followed by in an Assisted Living setting (18%) and finally in a skilled nursing home (9%). This data based on traditional LTCi, reimbursement models.

long term care insurance claims 2022 statistics data

When citing data, please credit: "American Association for Long-Term Care Insurance, 2022, www.aaltci.org"

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Why Do (Traditional) Long-Term Care Insurance Claims End

The vast majority (67%) of long-term care insurance claims end due to death of the policyholder. Note that 20% of claims end because the individual 'recovers'. They may go on claim again at some time in the future. Only 13% of the claims end because the policy benefits were exhausted (meaning they used all the available benefits). This data based on traditional LTCi, reimbursement models.

why long term care insurance claims end 2022 statistics data

When citing data, please credit: "American Association for Long-Term Care Insurance, 2022, www.aaltci.org"

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Reasons For Long-Term Care Insurance Claims (Final diagnosis of claimants)

This chart looks at the final diagnosis logged for long-term care insurance claims. For claims that last 1 year or less, conditions like cancer and musculoskeletal (Common musculoskeletal disorders include: Carpal Tunnel Syndrome. Tendonitis. Muscle / Tendon strain). For claims that last longer, cognitive issues are undertandably more commong.

reasons long term care insurance claims 2022

When citing data, please credit: "American Association for Long-Term Care Insurance, 2022, www.aaltci.org"

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Why Do Home Care Claims End

The vast majority (61%) of long-term care insurance claims that pay for care at home end because the policyholder has died. Nearly a third (32%) recover. Again, note that does mean, they might again qualify for benefits due to another future need. Some 7% of policy claims end because the policy benefits have been used up (exhausted).

why home care insurance claims end 2022 statistics data

When citing data, please credit: "American Association for Long-Term Care Insurance, 2022, www.aaltci.org"

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Why Do Nursing Home Claims End

The vast majority (73%) of new long-term care insurance claims begin with care received at home. Followed by in an Assisted Living setting (18%) and finally in a skilled nursing home (9%). This data based on traditional LTCi, reimbursement models.

why nursing home claims end 2022 statistics data

When citing data, please credit: "American Association for Long-Term Care Insurance, 2022, www.aaltci.org"

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Why Do Assisted Living Claims End

The vast majority (73%) of new long-term care insurance claims begin with care received at home. Followed by in an Assisted Living setting (18%) and finally in a skilled nursing home (9%). This data based on traditional LTCi, reimbursement models.

why assisted living claims end 2022 statistics data

When citing data, please credit: "American Association for Long-Term Care Insurance, 2022, www.aaltci.org"

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Amounts Paid To Claimants, Low - High and Mean

The 'mean' amount of claims paid reported thru 2021 (analysis of 5,439 claims by Connecticut Partnership for Long-Term Care) was $142,043. Some claims are small. Some are very large.

long term care insurance claims amounts paid 2022

When citing data, please credit: "American Association for Long-Term Care Insurance, 2022, www.aaltci.org"

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Average Time Elapsed Between Policy Purchase Date and Eligibility Date

The average is 14.8 years. The report by the Connecticut Partnership for Long-Term Care found that the age range at time of claim ran from 31-years to 101-years old. The mean was 80 years of age.

long term care insurance claims statistics 2022

When citing data, please credit: "American Association for Long-Term Care Insurance, 2022, www.aaltci.org"

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Probability of Needing Care: A Female Who Is Currently Age 65

For a woman who is currently age 65, this table shows her probability of needing long-term care at different ages. It assumes she is living to the respective ages shown. Care need is defined as being unable to perform two or more of the six ADLs (bathing, continence, dressing, eating, toileting, and transferring), or, being “severely cognitively impaired”.

probability of needing long-term care, female age 65

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Probability of Needing Care: A Male Who Is Currently Age 65

For a man who is currently age 65, this table shows her probability of needing long-term care at different ages. It assumes he is living to the respective ages shown. Care need is defined as being unable to perform two or more of the six ADLs (bathing, continence, dressing, eating, toileting, and transferring), or, being “severely cognitively impaired”.

probability of needing long-term care, male age 65

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Why You Need (& Want) Nursing Home Avoidance Insurance

Long-term care insurance provides benefits when you need (qualifying) care IN YOUR OWN HOME. That's what people want. And, the majority of LTC insurance claims pay for care at home. Initially half of all Covid-19 deaths were in long-term care facilities. By the end of January 2022, it was still 23%.

home care insurance coverage

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Out-Of-Pocket Costs For Nursing Home Care To Grow 32.5%

Total national expenditires for nursing care facilities and Continuing Care Retirement Communities will grow 58.4% (2018 - 2028). Projected Out-Of-Pocket expenditures will grow by 32.5% (2018 - 2028).
Analysis of data from the Medicare Office of the Actuary.

nursing care facilities expenditures data 2022

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Top 10 Long-Term Care Insurance Companies - By Covered Lives

Covered lives for the top-10 insurers based on latest data for traditional (health-based) long-term care insurance policies.

top-10 long-term care insurance companies

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What Consumers Do When Facing A Long-Term Care Insurance Policy Rate Increase

The majority keep their coverage levels (paying the increase) because they understand the value of what they purchased and are closer to needing benefits. Others adjust their policy provisions - typically reducing the inflation growth option (say from 5% to 3%, etc.).

long-term care insurance rate increases

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Top 10 STATES for Long-Term Care Insurance - By Covered Lives

Covered lives for the top-10 insurers based on latest data for traditional (health-based) long-term care insurance policies.

top states for long-term care insurance policies

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