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Long Term Care Insurance

Long Term Care Insurance

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Health of Long-Term-Care Business Questionable: Report

September 19, 2012
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The field of long-term-care insurance providers is shrinking as companies exit the business or limit their sales. Of the 15 companies that generated the most statutory earned premiums for long term care insurance in 2010, five either no longer sell the product or have curbed sales.
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Prudential Group Insurance to Wind Down Group Long-Term Care Business

July 19, 2012
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Existing policies will remain in effect and renewable, provided an employer's premiums are paid on time and its policy limits are not exhausted.
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California Workers' Comp Claims Show Sharp Increase in Medical Costs

May 25, 2012
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The Workers' Compensation Research Institute said California's medical costs per workers' comp claim increased 8 percent per year from 2005 to 2009.
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U.S. Workers Short on Long-Term Disability Coverage


May 15, 2012
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Despite employers' cutting back on providing benefits, few employees are purchasing such policies on their own, says new study.
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House Votes to Repeal CLASS Act

February 2, 2012
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The House of Representatives voted to repeal the Community Living Assistance Services and Supports Act, a long-term-care insurance provision of the 2010 health care reform law.
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Google Gets Tentative OK to Fund Benefit Risks Through Hawaii Captive

January 17, 2012
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The Mountain View, Calif.-based search engine and technology giant wants to use Imi Assurance Inc. to reinsure life, accidental death and dismemberment, and long-term disability policies written by Prudential Insurance Co. of America.Imi was licensed by Hawaii regulators in December 2010 and is authorized to write property and casualty coverage.
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Mercer: Group Health Care Costs Climb 6.1 Percent as Cost per Employee Tops $10K

November 17, 2011
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Amid steadily rising costs, employers, especially larger organizations, continue to take action to try to hold down cost increases to more manageable levels, according to the Mercer survey.
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