The demographic and workforce study, "Mapping the Future – Estimating Florida Again Services Needs 2008 to 2030," recently concluded that Florida’s 85-and-over population is forecast to grow by 126 percent in the next 22 years. This huge increase is on top of the fact that Florida already has the highest percentage of senior citizens in the United States.

This sharp increase points out the growing need for Long Term Care Insurance for Florida’s citizens. Along with the increase in the issuance of Long Term Care policies, I have seen an increase in denials of claims.  There are two ways insurance companies pay benefits under a long-term care policy.  The policy might pay a fixed dollar amount per day (known as "indemnity based coverage") or the policy might pay certain actual expenses you incur (known as "expense based coverage").

These policies and their terms are extensively regulated by Florida Statutes Section 627.9401 – 9408, as well as Florida Administrative Code 69O-157.001 – 304. These statutes and regulations set forth the minimum benefits that must be offered under Long Term Care policies, as well as establishing how these long term care policies can be marketed, and sold.