Employer Long-Term Care Insurance Market Participation Rates: Implications for CLASS
This policy brief looks at best practices in gaining strong participation rates in employer-sponsored, long-term care insurance offerings to help inform strategies for the success of the CLASS Plan.Date Updated: 04/06/2011
As of December 2009, almost 25,000 employers offered long-term care insurance to their employees and often also to employees’ family members.1,2 The employer-sponsored long-term care insurance market is a critical one for the industry. It has historically been the market segment with the most aggressive growth, often even during periods of flat growth or sales declines for the industry overall. Despite this consistent growth, this market segment remains small, accounting for just over 35 percent of the roughly 7.5 million policies in force today…
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This policy brief provides background on the historical development of benefit eligibility triggers in the private long-term care insurance market. Understanding how these triggers came into being can provide important information to those charged with implementing the CLASS Plan.
This policy brief provides information about how long-term care insurers implement benefit eligibility triggers in the private insurance market. The way in which companies have operationalized benefit eligibility triggers can inform the development of regulations for the CLASS Plan.
This policy brief provides information on the benefit eligibility assessment process in the private long-term care insurance industry. It focuses on how long-term care insurers use the information in the adjudication process, who is involved in the process, and how activities of daily living and cognition are assessed.