Long Term Care
Statistics and Trends
Real Claims Stories – Click on Images for more on their story
See what Long Term Care Services cost in your area (today and in the future).
Visit Mutual of Omaha’s Interactive Map of LTC Costs
Who is most likely to need care:
- Average Claimant age 78 (Industry is age 79)
- Women 69% of Claims
- Men 31% of Claims
General Industry Claims Information:
- Care at Home Care 74% of the time
- Care at Assisted Living 13% of the time
- Care at Nursing Home 13% of the time
- Youngest Claim age 27
- Longest Claim 22.5 years
- Largest Claim $2.1M
- 51% of Claims dollars go to Cognitive issues
- 18% of Claims 5 years or longer
- 2010–81% of claimants were over age 65
- 2018–57% of claimants were over age 65
Top 5 Reasons people get declined for purchasing LTC Insurance:
- Cognitive
- Arthritis
- Build
- Degenerative Disc Disease
- Chronic Pain
Most common reasons why people need care:
- Dementia
- Heart Disease
- Arthritis
General Industry Caregiver Statistics:
- Caregivers split 50% male-50% female
- 46% negatively impacted their health
- 60% had to cut back on luxury expenses
- 41% had depression
- 40% felt it negatively impacted their relationship with spouse
- 70% of caregivers did it out of necessity
- 61% of families help pay for cost of professional home care
- 63% help pay for care with money from their retirement fund
- 48% reduce quality of life
- 42% stopped contributing to their savings
- 75% missed time from work
- 46% worked fewer hours
- 35% had repeated absence from work
- 23% repeatedly late for work
Information provided by Mutual of Omaha Claims data 2021.
Mutual of Omaha has paid $1.1B claims since 1987 and pays $10M in claims EACH MONTH.