“Milliman launches Long-Term Care Index, providing a benchmark for expected lifetime long-term care costs,” Morningstar
“Milliman, Inc., a premier global consulting and actuarial firm, today released its first Long-Term Care Index (LTC Index), which estimates the expected lifetime costs of formal paid long-term care (LTC) services and how those costs can vary by factors such as geography and length of claim. Milliman’s LTC Index provides a benchmark that can be used by LTC stakeholders to better plan for the financial impact of aging.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
Insurance protects against catastrophic risk by replacing it with an affordable premium. But this tool estimating average risk is important too as it will attract the public’s attention to need for LTC planning.