34% Of Elderly U.S. Residents Using Long-Term Care Insurance Claim Coverage For In-Home Care, According To Study

About 34% of elderly U.S. residents who have long-term care insurance and claimed benefits used it last year to pay for in-home care, according to a study released last week by the American Association for Long-Term Care Insurance, the AP/Baltimore Sun reports. Nearly 30% of long-term care payments in 2006 were for assisted living costs, and about 36% of payments were for nursing home care, the study found. Total payout for long-term care in 2006 amounted to $3.3 billion.

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