Blog Central

March 2024 brought significant LTCi updates: Lincoln launched an eSubmission Portal, OneAmerica adjusted Care Solutions rates, Global Atlantic updated ForeCare rates, and Nationwide improved pricing for CareMatters® and LTC Rider II policies. These changes showcase the industry’s focus on enhancing client and producer experiences.

There's always activity in the LTC industry - from carriers to state policymakers and the federal government. We understand it can be hard to keep track of it all, so we are pleased to share Oliver Wyman's newsletter, the "LTC Lowdown," with CLTC members!

In today's inflationary environment, it can be rare to see the price of anything decline — especially anything of any substantial value. But that appears to have been the case for long-term care insurance premiums last year. 

Purchasing long-term care insurance can be a smart move, as long-term care can be costly, especially if you're paying out of pocket. And, when you factor in that most adults will need some type of long-term care after the age of 65, it can make even more sense to consider a long-term care insurance policy. 

Did you know that a private room in a nursing home costs, on average, about $9,800 per month in 2024? And, while home health aides cost less on average, the nearly $6,000 per month price tag can still be difficult to afford out of pocket.