InsuranceNewsNet recently released an article outlining the opportunity and expansion of the short-term care insurance market (STCi). Large premium increases and tighter underwriting processes in long-term care insurance have opened the door to promote the value of short-term care insurance benefits.
There were 26,237 policies sold in the first six months of 2015, an increase of 71 percent compared with the year-ago period, according to the National Advisory Center for Short-Term Care Information, a new database dedicated to tracking STCi. STCi premiums jumped 54 percent in the first half of this year compared with the year-ago period, the organization reported. Annual figures for 2015 will be released over the next few weeks.
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