One-third of elderly use LTC policies in-home

About one third of elderly Americans used their benefits from long-term care insurance to cover care delivered at home last year, according new research by trade group the American Association for Long-Term Care Insurance. Nursing home care topped the list, accounting for 36 percent of the $3.3 billion total, but assisted living costs accounted for 30 percent of the total, with other in-home care options proving popular as well.

According to the association, about 8 million Americans have long-term care coverage, either through an employer or through policies they purchase on their own. It's not surprising that they're using LTC coverage for in-home and assisted living care, as Medicaid and state welfare programs typically don't cover in-home and assisted living options, an association spokesperson said.

To get more background on LTC-funded in-home care:
- read this Associated Press article