“As millions of Americans age and require support services, they prefer to receive care in their own home,” explains Jesse Slome, director of the long-term care insurance organization.  “As a result, expenditures for home care services reached a new high in 2019.”

The Association director was sharing the latest information with specialists who market long-term care insurance protection.   ”Home care expenditures grew by 7.7 percent in 2019 compared to the prior year,” he adds.  According to Slome while a significant portion of home care services are paid for by Medicare and Medicaid, the poverty program, individual out-of-pocket costs can impact an individual and their family.

“In 2019 $5.9 Billion of home care expenditures were classified as out-of-pocket meaning the recipient or their family had to pay the cost,” Slome shared.  “In 2018, some $11.4 Billion was paid out-of-pocket and in 2017 the amount reported was $12.7 Billion.”

The Association recently added a new updated compilation of information regarding long-term care need to the organization’s website.  “Our goal is providing an easy to use resource of current data where consumers can find the information they need to make smart financial decisions,” he explains.   Information can be accessed at www.aaltci.org/ltcneed.

The American Association for Long-Term Care Insurance (AALTCI) advocates for the importance of planning and supports insurance professionals who market both traditional and hybrid LTC solutions. Request long-term care insurance quotes call the organization at 818-597-3227 or visit their website at www.aaltci.org.

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Click Here to View More 2019 Long-Term Care Insurance Facts, Data, Costs

“Today people want to remain in their own home for as long as possible and long-term care insurance enables people to do just that,” explains Jesse Slome, director of AALTCI that gathered data from seven leading long-term care insurance companies.    ”The majority of newly started claims that opened in 2018 provided benefits for care in the policyholder’s home.”

According to the Association’s analysis of new long-term care insurance claims that began during 2018, 51.5 percent of new claims covered home care services.  Nearly a quarter (24.5 percent) paid for care in an Assisted Living community and 23 percent started with care in a nursing home.  A very small percentage (1 percent) started with other services such as hospice or informal care.

“Consumers mistakenly associate long-term care insurance with care in a nursing home setting,” Slome notes.  “While that can be the case, the survey which is consistent with prior studies, shows that most people use their policy to enable them to receive the care they want and need at home.”

Over 300,000 individuals receive benefits each year from having a long-term care insurance policy according to AALTCI reports.  “The industry paid out over $10 billion in 2018 and the amount paid out each year increases as more people with this coverage need assistance,” Slome adds.  “The coverage needs to be purchased generally before you qualify for Medicare and plans can be made affordable, especially if you tailor benefits to cover the lower cost of home care,”

Headquartered in Los Angeles, CA, the American Association for Long-Term Care Insurance advocates for the importance of long-term care planning.  The organization helps consumers connect with knowledgeable professionals who are independent advisors.   Consumers seeking long-term care insurance cost comparisons should visit the Association’s website at www.aaltci.org or can call the organization’s national headquarters at 818-597-3227.

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Long-term care insurance covers home care for claimants

To create heightened awareness of the fact that most long-term care insurance claims begin in the home, the American Association for Long-Term Care Insurance (AALTCI) has released a new infographic.

“More than half of all newly opened long-term care insurance claims begin with the policyholder receiving care in their own home,” states Jesse Slome, director of long-term care insurance organization.   “Too many people only associate long-term care insurance with care received in a skilled nursing home setting which simply is not the case.”

According to a study conducted by the association, some 52.1 percent of all new long-term care insurance claims that started in 2017 began in the home setting.  AALTCI created a special infographic that will be available to requesting members that promotes this important fact.  The Association develops multiple tools that can be used by agents who market insurance products.

“We know that consumers want to remain in their own homes and having a long-term care insurance policy can make it easier for them to do just that,” Slome shared with top LTC experts.   “Home care benefits from a long-term care insurance policy is one fact that surprises consumers,” Slome adds.  “The other is that policies, especially for those wanting home care benefits, can be more affordable than many people think.”

In addition to traditional LTC policies, in many states consumers can obtain short-term care insurance coverage that will provide home care benefits for up to 360 days.  “A significant percentage of home care claims last one year or less, making this a very viable and affordable option,” Slome suggests.

Consumers who want to learn more about long-term care insurance costs and planning options can call the American Association for Long-Term Care Insurance at 818-597-3227 or visit the organization’s website at www.aaltci.org to find and connect with local LTC insurance professionals.

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“People mistakenly associate long-term care insurance exclusively with skilled nursing home care,” shares Jesse Slome, director of long-term care insurance organization.  The Association released findings of its study of 2017 claimant data.

According to AALTCI, 52.1 percent of all new long-term care insurance claims in 2017 began in the home setting.  “Nearly one in five claims (19.7 percent) started in an assisted living facility and only 28.2 percent commenced in a skilled nursing home,” Slome reports.  The organization analyzed data from six leading long-term care insurance companies.

The nation’s long-term care insurance companies paid $9.2 billion in claim benefits in 2017 to some 295,000 individuals according to AALTCI.    ”Both the dollars paid and the number of individuals receiving benefits continue to grow as more Americans benefit from having this important protection,” Slome added.

Women accounted for over two thirds (68 percent) of newly opened claims in 2017.  “Long-term care planning is especially important for women because they are far more likely to need care,” Slome notes.  The study found that 19 percent of new claims by women started in a nursing home setting while 34 percent began at home.

“Individuals want to remain in their own home when care is needed and long-term care insurance enables them to get the care they need in the setting they prefer,” Slome explained.

Consumers who want to learn more about long-term care insurance costs and planning options can call the American Association for Long-Term Care Insurance at 818-597-3227 or visit the organization’s website at www.aaltci.org to find and connect with local LTC insurance professionals.

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Jesse Slome, long term care insurance expert

The majority of long-term care insurance claims begin and end in the home according to the latest data compiled by the American Association for Long Term Care Insurance.

“Individuals continue to mistakenly think of long-term care insurance as nursing home insurance,” explains Jesse Slome, director of the American Association for Long Term Care Insurance (AALTCI), the national trade organization that regularly compiled data regarding new policy buyers as well as those who benefit from their insurance policies.

“I sometimes refer to LTC insurance as nursing home avoidance insurance because often having this insurance protection in place allows the individual to be cared for in their own home,” Slome adds.   The Association released information regarding where long-term care insurance claims began in 2016.  According to AALTCI, some 280,000 Americans received benefits from their long-term care insurance policies in 2016.

The majority of new claims starting in 2016 (54 percent) began in the home according to AALTCI.   That represents a small, three percent, increase compared to the Association’s last study conducted in 2012.

The AALTCI study found that 14 percent of new claims began with the claimant in an assisted living community.  Just under one-third (32 percent) of new claims began in a nursing home.  In 2012, the Association found that 30.5 percent of new claims were started while the claimant was in a nursing home.

“Most long-term care insurance claims begin and end in the home,” Slome shared.  The AALTCI analysis of claims found that nearly 56 percent of claims also ended in the home.  “People want to be in their home with family and loved ones and having some long-term care insurance in place can help pay for the cost of home care services,” Slome pointed out.

The American Association for Long-Term Care Insurance (AALTCI) was founded in 1998.  The organization advocates for sound long-term care planning.   To learn more about long-term care insurance costs and options visit the Association’s website or call 818-597-3227.

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“Americans mistakenly associate long term care with nursing home care and that’s clearly something that needs to be addressed, declares Jesse Slome, executive director of the Association, a national trade group focused on creating heightened awareness.   ”The majority of long term care today takes place outside of a nursing home environment.”

To make consumers aware of the growing importance of assisted living the Association is seeking an organization interested in creating heightened awareness.  “We have hundreds of thousands of consumers visiting the Association’s website each year and that alone provides us with an incredible opportunity to educate.”

The Association just published its mid-year report.  “Our focus on home care and the role of long term care insurance in paying for home care services has generated increased traffic to the Association’s website and exposure for the two supporting home care organizations that support our efforts,” Slome shared.   “A partner will enable us to create the same level of understanding of the many benefits of assisted living community residency for those who are aging and may or may not have a need for long term care.”

The American Association for Long Term Care Insurance is a national organization that advocates for sound and responsible planning for the real risk of needing long term care services.  The national organization is headquartered in Los Angeles, CA.  To connect or learn more about long term care insurance costs call the organization at 818-597-3227.

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home care is reason to buy long term care insurance

Los Angeles; December 2, 2013 – How do people really utilize home care services and ways they maximize limited budgets will be explored at the upcoming National Long Term Care Solutions Sales Summit, the national conference for those who market and sell long term care insurance and linked benefit products.

According to conference organizers, the American Association for Long Term Care Insurance, this is one of the most necessary topics to be explored.  “Insurance professionals really need an understanding of how consumers utilize services in order for them to market and sell appropriate levels of coverage,” explains Jesse Slome, director of the American Association for Long Term Care Insurance.  “Otherwise they could be advising clients to get too little or too much protection.”

The conference which takes place May 18-20, 2014 at the Westin Hotel in Kansas City is the largest gathering of independent insurance professionals who market LTC solutions.

“The Summit brings together national leaders with experts from across the industry,” Slome explains.  “We have put together a program that will be of interest and value to insurance professionals who have never sold long term care insurance products as well as to the thousands of dedicated LTC specialists.  Each session is specifically designed to deliver information and how-tos that will directly benefit those attending.”

Most consumers mistakenly associated long term care with a nursing home stay the AALTCI director points out.  “The vast majority of new long term care insurance claims begin with a need for care at home,” Slome stresses.  “Long term care insurance today is really nursing home avoidance protection but do people need round the clock care which can be enormously expensive or have they learned to manager their care to meet their level of benefits?  We hope to explore that topic in detail.”

Information about the 2014 National Long Term Care Solutions Sales Summit can be obtained by calling the organization at (818) 597-3227 or visit their website at www.aaltci.org/2014summit.  The cost to attend is currently $99 for the three day event.

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“Many have mistakenly associated long term care insurancewith care in a skilled nursing home,”

long term care insurance is for home care services

declares Jesse Slome, executive director of the long term care insurance industry trade group based in Los Angeles, CA.  “We work hard to break that stereotype thinking because what people really want and get is care in their own home.”

Slome shared data from a mid-year analysis of traffic to the Association’s website.  “Some of the most popular AALTCI reports viewed by consumers focused on information pertaining to home care and the three small banner ads linking to home care providers generated almost as many click throughs over six months as they did for the prior full year.”

The Association’s consumer website has banner ads for three providers of home care services, Homewatch Caregivers, Right at Home and Addus HealthCare.  “These are all industry leaders who help our trade group educate consumers about the importance of protecting against the financial and emotional toll that arises following a need for long-term care.”  Consumers seeking information on home care services grew between 49 and 73 percent for the first six months of 2013, the organization’s director shared.

Website traffic to the Association’s consumer information website has increased exponentially Slome relayed to a group of long term care insurance marketers.  “The Internet continues to change the way people seek and obtain information,” Slome shared.  “The old ways of marketing and selling insurance are rapidly changing and those who fail to recognize and adapt to this change will find themselves out in the cold.”

Consumers seeking long term care insurance costs, home care services and to learn about newer planning options from a designated specialist, a member of the American Association for Long-Term Care Insurance, can also visit the organization’s website or call 818-597-3227.   Those seeking information  on Medicare supplement insurance should contact the American Association for Medicare Supplement Insurance at 818-597-3205.

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According to analysis of data by the American Association for Long-Term Care Insurance the majority (56 percent) were women.  “Eldercare providers are those who provide unpaid care to someone over the age of 65 who needed help because of a condition related to aging,” explains Jesse Slome, executive director of the national trade organization that studies health and medical trends that impact the needs of older Americans.

According to Slome, individuals ages 45 to 54 and 55 to 64 were most likely to provide eldercare.  “The percentages were 23 percent and 22 percent for each of these two categories,” Slome one of the nation’s leading long term care insurance experts shares.  “The majority, some 42 percent cared for a parent.”

Eldercare often consisted of tasks also referred to as conditions requiring long term care.  “Regrettably, the vast majority of Americans have no plan to address the very real risk they or a loved one will eventually need long term care,” Slome acknowledged.  “When the time comes they are going to have to turn to their spouse or adult children for care, changing their lives sometimes for months, sometimes for many years.”

According to the Association, some 8.1 million Americans currently have long term care insurance protection according to the Association’s 2012 research.  “People seem to focus on the financial benefits of this protection and they are important,” Slome adds.  “But the real benefits are non-financial.  This protection allows your loved ones to care about you rather than having to be forced to care for you.”

For more information or to connect with a knowledgeable long term care insurance professional designated by the Association, call their Los Angeles national headquarters  at (818) 597-3227 or read free guides authored by Slome on reducing long term care insurance costs that can be accessed on the Association’s website.

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“Rates for home health care have remained relatively stable over the past few years,” explains Jesse Slome, executive director of the organization that represents several thousand long term care insurance professionals.  “However, costs can vary significantly from one market to another and even among service providers within a particular locale.”

Home care service costs compiled by the Association have been published in the 2012 Long Term Care Insurance Sourcebook dramatize the spread.  Boston had the highest hourly rate reported for a home health aide ($39) while Dallas / Fort Worth reported the lowest ($12).

According to the Association, half (50.0%) of all new long-term care insurance claims opened during 2011 began with the policyholder receiving care at home.  Less than one-third of new claims began with the recipient receiving care in a nursing home the Association reports.

“Long-term care insurance has really become nursing home avoidance protection,” Slome explains.  “Today, people purchase this important protection in order to receive care in their own home for as long as possible.  When costs remain stable, people are able to purchase more affordable levels of insurance coverage that will pay for longer periods of time.”

The following is a sampling of home health aide hourly rates from the Association’s 2012-2013 Long Term Care Insurance Sourcebook provided free of charge to the organization’s members.

Average           Low           High

Atlanta, GA          $21                  $16            $24
Boston, MA         $27                  $21            $39
Chicago, IL            $23                  $16            $30

Los Angeles, CA   $21                  $14            $28

New York, NY       $20                   $16       $23
Seattle, WA            $24                  $20      $28

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