Long-Term Care Insurance Industry Paid $7.5 Billion in Claim Benefits in 2013

American Association for Long Term Care Insurance reports 13-percent increase in paid long-term care insurance benefits.

INN Breaking News, February 5, 2014

Jennifer Morrell

The American Association for Long Term Care Insurance has paid nearly $7.5 billion in claim benefits to 273,000 individuals in 2013. The group said the total benefit payments increased by 13 percent, and the number of long-term care insurance policyholders on claim grew 3.4 percent. Insurers paid $6.6 billion to some 264,000 policyholders in 2012. 

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