Effects of Covid 19 on Long Term Care

These are some of the findings by actuaries in the long-term care insurance business:

  • The mortality rate went up in the older populations thus there were shorter claims
  • People in home care suffered longer due to the fear of letting health care workers into the home
  • Hesitancy to visit doctors creating acute morbidities
  • People working from home allowed for more in home care by families
  • Fewer injuries because of reduction in outdoor activities like driving

For more information, read the attached article.

https://www.actuary.org/node/14151

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