A significant percentage of older individuals who applied for long-term care insurance were declined coverage by the insurance company according to the latest data. Individuals mistakenly believe they can purchase long-term care insurance at any age and without regard to existing health issues, explains Jesse Slome, director of the American Association for Long-Term Care Insurance. That is simply not the case. Your health, your height and weight and medications prescribed all are taken into account by the insurance company.
According to an analysis of applicants for traditional long-term care insurance in 2019, decline rates ranged from 19.4 percent for individuals applying between ages 40 to 49 to 53.6 percent after age 75.