How Long Has Long Term Care Insurance Been Available?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Long Term Care Insurance started to become available in the 1980's at a time when nursing home costs were rising drastically. The first Long Term Care group policy was written in 1987. The federal government tried to make LTC policies more popular by offering tax favored status for purchasing tax qualified plans in the last 1990's.
    Answered on August 10, 2013
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