long term care insurance claims totals

The long-term care insurance industry incurred just over $1 Billion in claims in its first 18 years (1974-1992).

Around 1996, the industry began incurring over $1 Billion in claims per year.

The industry now averages $1 Billion of incurred claims every six weeks.

In 2014 there were 254,910 claims incurred totaling more than $8.7 Billion.

Claims incurred for 2015 are projected to exceed $9.3 Billion.

Cumulative incurred claims will exceed $100 Billion by the 3rd quarter of 2016.