Friday, May 11, 2007

 

The Next Market Frontier: Multi-Life Long Term Care Insurance and Disability Insurance

The Health Insurance Portability and Accountability Act of 1996 (HIPAA), the Taxpayer Relief Act of 1997 and the Deficit Reduction Act of 2005 are all contributing to the explosive potential of the LTC insurance market. These legislations provide about 78 million retiring baby boomers the incentives to purchase private LTC coverage instead of depending on Medicaid.

Experts say the multi-life LTC insurance market will continue to grow from the current seven million to 14 million in five years.

The Next Market Frontier: Multi-Life Long Term Care Insurance and Disability Insurance
Source: Insurance News Net

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