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The role of private insurance in financing long-term care

Series Title(s):
Issue in brief (Center for Retirement Research)
Contributor(s):
Gleckman, Howard.
Center for Retirement Research at Boston College.
Publication:
Chestnut Hill, MA : Center for Retirement Research at Boston College, c2007
Language(s):
English
Format:
Text
Subject(s):
Financing, Personal
Insurance, Long-Term Care -- economics
Long-Term Care -- economics
Aged
Forecasting
Health Services Needs and Demand -- trends
Long-Term Care -- trends
Humans
United States
Genre(s):
Technical Report
Abstract:
Private insurance currently plays a small, but potentially important role in financing the long-term care of the elderly in the United States. Some believe it can be a significant element in a restructured long-term care financing system. However, to date, the demand for such insurance has been modest. This brief will discuss the potential benefits of long-term care insurance, review its current structure and status, and explore possible explanations for low takeup rates. Finally, it will consider future issues surrounding the role of this product.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
Extent:
10 p.
Illustrations:
Illustrations
NLM Unique ID:
101469330 (See catalog record)
Series Title(s):
Issue in brief (Center for Retirement Research)
Contributor(s):
Gleckman, Howard.
Center for Retirement Research at Boston College.
Publication:
Chestnut Hill, MA : Center for Retirement Research at Boston College, c2007
Language(s):
English
Format:
Text
Subject(s):
Financing, Personal
Insurance, Long-Term Care -- economics
Long-Term Care -- economics
Aged
Forecasting
Health Services Needs and Demand -- trends
Long-Term Care -- trends
Humans
United States
Genre(s):
Technical Report
Abstract:
Private insurance currently plays a small, but potentially important role in financing the long-term care of the elderly in the United States. Some believe it can be a significant element in a restructured long-term care financing system. However, to date, the demand for such insurance has been modest. This brief will discuss the potential benefits of long-term care insurance, review its current structure and status, and explore possible explanations for low takeup rates. Finally, it will consider future issues surrounding the role of this product.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
Extent:
10 p.
Illustrations:
Illustrations
NLM Unique ID:
101469330 (See catalog record)