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LTCCP® Training Featured in McKnight's Home Care

3/24/2025

LTCCP® founder & lead instructor, Bill Comfort, is extensively quoted in a new McKnight's Home Care article on the LTC "claims wave"

From the article:

Comfort has seen numerous home care claims denied because of ambiguity in written policies. Many of them involve confusion with coverage for activities of daily living (ADLs), which include bathing, dressing and eating. He believes home care providers can alleviate this confusion by educating their caregivers how the claims process works. He provides this education through his Long Term Care Claims Professional-LTCCP certification training program for care providers.

CLICK HERE to link to and read the full article:
https://www.mcknightshomecare.com/news/wave-of-long-term-care-insurance-claims-growing-faster-than-age-wave-expert-says/

LTC Insurance Claims Expected to More Than DOUBLE in 16 years!

3/6/2025

An actuarial report released today shows that LTC insurance claims are expected to more than double over the next 16 years!

Are you, is your business, ready for the LTC Claims Wave?!

The new report, "MIlliman's annual U.S. industry LTCI claims projection" was released March 6, 2025, and states:

"The National Association of Insurance Commissioners (NAIC) reported LTCI incurred claims of approximately $16 billion in 2023. We forecast an increase in LTCI paid claims through about 2041, with a peak of paid claims of $42 billion."

That is a 260% (2.6x) increase in LTC insurance claims!

Looked at another way, about 400,000 people are on LTC claim today - in 16 years that will increase to more than 1-million people on claim. And the number of claims does not return back to today's level for 30 years!

This lines up with what we at LTCCP® have already been projecting simply from looking back at the peak LTC insurance sales years 20 to 30 years ago:

More than 7-million Americans own LTC insurance.
- https://www.ahip.org/resources/long-term-care-insurance-coverage-state-to-state-2023
More than half of those policies - close to 4-million - were written between 1995 and 2005. With 750,000 policies purchased at the sales peak in 2002.
Because of dramatically low lapse-rates - less than 1% - nearly all of those policies are still in force, and are now hitting their peak claim years 20 to 30 years later.
Think about it ... a 60-year-old who bought LTC insurance in 2002 is now 82-years-old!

Interestingly, this report only examines the current in-force block of "traditional" LTC insurance and does not count any new sales looking forward nor any of the newer "hybrid" types of policies. So after 2041, while we will see a decline in the number of people on claim and total value of LTCI claims, the decline will likely not be as dramatic as shown in the graph above.

But for the next 16 years, the number of people needing help navigating the often-complex LTC insurance claims process will continue to dramatically increase. And the number of claims will not fall back to today's level until 2054!

If you are a professional care provider, care manager, agent or advisor, are you ready to face this LTC Claims Wave? The Long Term Care Claims Professional - LTCCP® certification training provides the critical education needed to help your clients effectively use their LTC insurance coverage.

LTCCP® Approved for Care Manager Certified - CMC Continuing Ed

3/6/2025

We are pleased to announce that Care Manager Certified (CMC) designees can now earn continuing education credits toward the recertification of their professional designation!

The National Academy of Certified Care Managers (NACCM) has approved the coursework for five (5.0) continuing education contact hours. The CMC continuing education hours are effective immediately for CMC designees who take the course on or after March 6, 2025.

The NACCM trains and certifies professionals with the Care Manager Certified (CMC) designation.

CMC designees are also eligible to join the Aging Life Care Association as an Aging Life Care Professional® at the Advanced Professional level.

CMC designees are responsible for maintaining records of CE courses completed and for filing their credits during their recertification process.

For more information about the course, enrollment options, and CMC CE credits, CONTACT US here.

LTCCP® Training Featured in McKnight's Home Care

LTCCP® founder & lead instructor, Bill Comfort, is extensively quoted in a new McKnight's Home Care article on the LTC "claims wave"

LTC Insurance Claims Expected to More Than DOUBLE in 16 years!

An actuarial report released today shows that LTC insurance claims are expected to more than double over the next 16 years!Are you, is your business, ready for the LTC Claims Wave?!

LTCCP® Approved for Care Manager Certified - CMC Continuing Ed

Bill Comfort

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An actuarial report released today shows that LTC insurance claims are expected to more than double over the next 16 years!

Are you, is your business, ready for the LTC Claims Wave?!