HomeCare June 17, 2021
EDEN PRAIRIE, Minnesota –LTCG, an insurance administration and claims solution provider for long-term care (LTC) insurance, has released its 2020 Cost of Care report and analysis. Now in its eighth year, this study includes national, state and regional costs of various senior care services, spanning skilled nursing facilities, adult day care, home health care and assisted living facilities.
LTCG’s Cost of Care study gathers tens of thousands of data points from senior care providers nationwide, with results normalized by the company’s in-house actuarial and data science teams. Insurers and financial services providers rely on this data for both forecasting and stakeholder education as well as informing customers and agents about national and regional cost variations. In addition, care providers benefit...
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