IMSA produces consumer brochure to offer long-term-care information. (Insurance Marketplace Standards Association).
IMSA reports that about 13 million people in the United States need daily assistance with personal maintenance, hygiene, eating and basic household tasks, but only 6 million own long-term-care insurance. IMSA Executive Director Brian Atchinson said about 44% of Americans age 65 and older will enter a nursing home at least once, and more than half will stay at least a year, based on statistics of the National Association of Insurance Commissioners. Average annual costs were $56,000 in 2001, but were up to twice that much in some parts of the country. The brochure describes what to look for in selecting an LTC insurance policy.
Key factors in choosing an LTC insurance company are its business ethics and its financial viability, Atchinson said.
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|Comment:||IMSA produces consumer brochure to offer long-term-care information. (Insurance Marketplace Standards Association).(Marketplace)|
|Article Type:||Brief Article|
|Date:||Jan 1, 2004|
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