A recent online article by U.S. News & World Report calls long-term care insurance policies complicated, but also offers consumers seven tips for making a “sound purchase.” LTC insurance coverage for assisted living will become increasingly prevalent as baby boomers move into senior care communities.
Among the LTC insurance tips published by U.S. News & World Report:
- Check assisted living provisions. The news magazine accurately states that resident services can vary from one assisted living community to another, and advises consumers to ask the appropriate questions.
- Review credentials. “Only buy a policy from an established company with a high rating and experience selling this type of insurance,” the magazine advises.
Eight million Americans have long-term care insurance, and nearly 33 percent of claimants in 2007 chose assisted living. ALFA works closely with proponents of long-term care insurance for seniors, including the American Association for Long-Term Care Insurance. An article in Assisted Living Executive addresses their partnership and goals.
