This week, we have an update on individual life insurance premium growth in the first half of 2017, a summary on the CHRONIC Act passing in the Senate, and survey results stating the majority of Americans believe LTC will be covered by health insurance or Medicare.
LIMRA: U.S. Individual Life Insurance New Premium Increases in First Half of 2017 | LIMRA | September 26, 2017
U.S. Individual life insurance new annualized premium increased 4 percent for the first half of 2017, compared with the first six months of 2016. In the second quarter, new annualized premium increased 3 percent, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey.
CHRONIC Act, which expands Medicare coverage for telemedicine, passes in Senate | mobihealthnews | September 27, 2017
Senate Bill 870, the Creating High-Quality Results and Outcomes Necessary to Improve Chronic Care Act of 2017, or CHRONIC Act for short, has passed in the Senate by a unanimous vote. Among other things, the bill, which was originally introduced in April by Senator Orrin Hatch (R – Utah), includes provisions that would expand Medicare coverage for telemedicine.
Survey: Majority of Americans believe health insurance or Medicare will pay for long-term care | PRNewswire | September 28, 2017
More than half of Americans – 55 percent – mistakenly believe health insurance or Medicare will pay for assistance with daily living due to illness or injury for an extended period of time.A recent survey conducted online by Harris Poll on behalf of OneAmerica®asked adults how they would pay for assistance with daily living due to illness or injury, either in-home or in a care facility, for an extended period of time (i.e., longer than 90 days). More than half (55%) said they’d use Medicare or health insurance, even though in most cases, neither will pay for long-term assistance with daily activities.