Is private long-term care insurance the answer?
- Collection:
- Health Policy and Services Research
- Series Title(s):
- Issue in brief (Center for Retirement Research)
- Contributor(s):
- Johnson, Richard W. Uccello, Cori E. Center for Retirement Research at Boston College.
- Publication:
- Chestnut Hill, MA : Center for Retirement Research at Boston College, c2005
- Language(s):
- English
- Format:
- Text
- Subject(s):
- Financing, Personal Insurance, Long-Term Care -- economics Long-Term Care -- economics Aged Cost Control Deductibles and Coinsurance Fees and Charges Forecasting Health Care Costs Health Services for the Aged -- statistics & numerical data Insurance Coverage Insurance, Long-Term Care -- trends Long-Term Care -- trends Medicaid Medicare Private Sector -- economics Private Sector -- trends Humans United States
- Genre(s):
- Technical Report
- Abstract:
- As the population ages, more Americans than ever before will need long-term care. The cost of providing services is already straining government and family budgets, and costs are expected to soar in a few decades when the Baby Boomers begin to reach their 80s. One option often touted as a possible solution to the looming crisis is to promote private insurance coverage of long-term care needs. This brief describes private long-term care insurance and some of the advantages and limitations of coverage. Despite ongoing efforts to promote private long-term care insurance, widespread coverage faces a number of important hurdles, including affordability, uncertainty about future premium increases, and the disincentives created by the Medicaid safety net.
- Copyright:
- Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
- Extent:
- 9 p.
- Illustrations:
- Illustrations
- NLM Unique ID:
- 101469321 (See catalog record)
- Permanent Link:
- http://resource.nlm.nih.gov/101469321