Los Angeles, CA, August 10, 2012 --(PR.com
)-- For the first time, over two-thirds (66.6 percent) of white Americans diagnosed with cancer have a five-year relative survival rate according to one of the nation’s long term care experts.
“For certain types of cancer such as breast cancer, the five year survival rate is now 91.4 percent,” according to Jesse Slome, executive director of the American Association for Long-Term Care Insurance. The national trade organization studies health and medical trends that impact the needs of older Americans.
According to Slome, the five year cancer survival rate for white Americans has been steadily increasing from 61.5 percent for the time period 1990-1992 until today. The survival rate for Black Americans has also been increasing, Slome acknowledged. For the most recent data studied, the five year rate is 59.4 percent.
Survival rates for specific forms of cancer has been increasing as well. For men, the survival rate for prostate cancer is now 99.9 percent for white Americans and 97.9 percent for Black Americans. For women, the rate for breast cancer is 91.4 percent for white individuals and 77.4 percent for Black women.
“Cancer is one of the medical conditions that creates a need for long-term care typically at home versus in a nursing home facility,” Slome notes. “As more people survive, the actual need and probable utilization of their long term care insurance policy will only grow making this added protection increasingly important.”
The Association’s director noted that while long term care insurance companies require those applying for coverage to meet health requirements, those who have survived cancer for a number of years can obtain coverage. “Each insurer sets their own health standards and so it is important for those individuals who have medical issues to first speak with a knowledgeable professional in order to avoid being rejected,” Slome advises.
Some eight million Americans currently have long term care insurance protection according to the Association’s 2012 research. For more information or to connect with a knowledgeable long term care insurance professional call the Association at (818) 597-3227 or read free guides on reducing long term care insurance costs available online from prior issues of Kiplinger’s Personal Finance magazine.