Costs for long-term care insurance in 2023 show little change from the prior year according to the annual price index released today by the American Association for Long-Term Care Insurance (AALTCI)."Premiums for buyers are virtually identical to last year; some are actually slightly lower,” reports Jesse Slome, director of the
Some 4.7 million higher-income seniors pay additional premium surcharges for their Medicare coverage according to the American Association for Medicare Supplement Insurance.“In 2007 Medicare started imposing the Income Related Monthly Adjustment Amount (IRMAA) surcharge,” explains Jesse Slome, director of the organization. “A senior couple with higher incomes can pay as
The most current 2023 Medicare Advantage statistics have been shared by the American Association for Medicare Supplement Insurance (AAMSI).“We strive to provide relevant information that consumers seek and insurance professionals can utilize to better understand Medicare options,” explains Jesse Slome, director, AAMSI. “Medicare Advantage plans now clearly dominate the landscape
Long-term care insurance companies paid out a record $13.25 Billion in 2022 according to the American Association for Long-Term Care Insurance (AALTCI).“Claim benefit payouts for policyholders with traditional long-term care insurance coverage grew from $12.3 Billion in 2021,” reports Jesse Slome, AALTCI’s director. “The increase in benefit payouts is expected