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Article: Employer-sponsored LTC promising. (long-term care)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- June 20, 1994
- Author:
CopyrightCOPYRIGHT 1994 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Employer-sponsored policies are seen as the most promising segment for future growth in the long-term care market, according to Susan Coronel, a policy research analyst with the Policy and Research Department of the Health Insurance Association of America, Washington, D.C.
In 1992, according to a recently conducted survey of LTC policy providers, 12 percent of all policies were sold through 508 employers, up from 1.8 percent in 1988. Individual policies, however, still have the lion's share, with 82 percent of all policies sold.
Younger people are buying them: the average age of the employer-sponsored buyer, the survey said, was 42, substantially lower ...