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Is private long-term care insurance the answer?

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)
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)