American Association for Long Term Care Insurance

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American Association for Long-Term Care Insurance (AALTCI), based in Westlake Village, California,[1] is the national trade organization for the long term care insurance industry in the United States.

Company Background[edit]

The American Association for Long-Term Care Insurance is the national trade organization established to advocate for sound long-term care planning by individuals. Established as a not-for-profit trade group in 1998, the organization conducts and publishes independent research, publishes consumer guides, as well as conducts conducts industry conferences and educational programs for insurance and financial professionals.

Since 2006, AALTCI conducts annual research examining the long term care insurance industry's annual buyer and claimant data which is published in the organization's Long-Term Care Insurance Sourcebook, a compendium of proprietary research along with summarized highlights of nationally recognized studies.[2]

RECENT STUDIED BY THE ASSOCIATION The Association conducts numerous studies on an annual or bi-annual basis. In February 2014 the organization reported insurers paid $7.5 Billion in long term care insurance claims in 2013 a 13 percent increase.[3] In January 2014, the Association's annual Long Term Care Insurance Price Index [4] provides an annual analysis of costs for individuals and couples. In December 2013, an AALTCI study revealed ways individuals with health conditions could still health qualify for insurance protection.[5] In September 2012, AALTCI released findings of a study of younger claimants [6]

Serving the LTC insurance informational needs of consumers as well as organizations, AALTCI publishes and makes available approximately a dozen consumer guides including the three highly popular guides: A Woman's Guide To Long Term Care Insurance[7] - Guide To Tax Deductible Long Term Care Insurance[8] - Ways To Reduce The Cost of Long Term Care Insurance[9]

In 2001 the American Association for Long-Term Care Insurance established the first Long-Term Care Awareness Week a national consumer awareness campaign which has been expanded into a full month each November.

The Association hosts the national conference for insurance and financial professionals who market LTC insurance. The 11th National Long-Term Care Insurance Summit will take place May 18–20, 2014.[10] The event will be held in Kansas City, MO. This will be the first insurance industry conference offering virtual free streaming of sessions.

In 2002, AALTCI established the national campaign, Long Term Care Insurance is Good for America adopted as the national awareness campaign by Association members and featured as part of national print and broadcast advertisements. The Association has created and published an ongoing series of consumer educational guides in association with Kiplinger's Personal Finance magazine.

In 2009 AALTCI announced the formation of a new affiliate, the American Association for Critical Illness Insurance a trade organization focused on critical illness insurance a form of insurance protection that pays a lump sum tax free cash benefit upon diagnosis of cancer, heart attack, or stroke. In 2010, the association announced the formation of a third affiliate, the American Association for Medicare Supplement Insurance a trade organization focused on Medigap insurance a form of insurance protection that supplements coverage provided by Medicare.

The organization was co-founded by Jesse Slome and Barry Fisher in January 1998. At the time, Slome was editor and publisher of Long Term Care Insurance Sales Strategies magazine and president of a marketing consulting firm that served leading insurance companies including Blue Cross Blue Shield Association, Transamerica Corporation and the State of California's Long Term Care Insurance Partnership program. Fisher was president of a regional insurance brokerage agency based in West Hills, CA. Prior to founding the first national not-for-profit trade association exclusively focused on educating consumers regarding long term care risks, Slome held senior positions with leading insurance companies including Transamerica Corporation and Aetna.

Membership[edit]

The American Association for Long-Term Care Insurance is an organization for individuals who are active in the long term care insurance industry. Its membership represents all segments of the health insurance business but the nucleus of the organization has always been agents.

Meetings[edit]

AALTCI sponsors the largest industry conference focused on selling and marketing long term care insurance. The 11th National LTCi Producers Summit will take place at the Westin Hotel, Kansas City. May 18–20, 2014.

References[edit]

  1. ^ Contact information, LTC, retrieved 2001-01-01 
  2. ^ Long-Term Care Insurance Sourcebook
  3. ^ Long Term Care Insurance Claims Paid
  4. ^ Long Term Care Insurance Price Index
  5. ^ Long Term Care Options For Those With Existing Health Conditions
  6. ^ Younger Long Term Care Insurance Claimants Examined
  7. ^ Woman's Guide To Long-Term Care Insurance, American Association for Long-Term Care Insurance; 6th edition (Revised January 2011)
  8. ^ Guide To Tax Deductible Long-Term Care Insurance, American Association for Long-Term Care Insurance; 9th edition (Revised January 2012)
  9. ^ Ways To Reduce The Cost of Long-Term Care Insurance, American Association for Long-Term Care Insurance; 4th edition (Revised January 2011)
  10. ^ Long-Term Care Insurance Summit

External links[edit]