Integrating long-term care insurance purchase decisions with saving and investment for retirement

2007 ◽  
Vol 41 (3) ◽  
pp. 362-381 ◽  
Author(s):  
Aparna Gupta ◽  
Lepeng Li
Keyword(s):  
Long Term Care ◽  
Purchase Decisions ◽  
Term Care ◽  
Long Term Care Insurance

scholarly journals How Can Adult Children Influence Parents’ Long-Term Care Insurance Purchase Decisions?

2014 ◽  
Vol 57 (2) ◽  
pp. 292-299 ◽  
Author(s):  
Nina R. Sperber ◽  
Corrine I. Voils ◽  
Norma B. Coe ◽  
R. Tamara Konetzka ◽  
Jillian Boles ◽  
...  
Keyword(s):  
Adult Children ◽  
Long Term Care ◽  
Purchase Decisions ◽  
Term Care ◽  
Long Term Care Insurance

Can Catastrophic Long-Term Care Insurance Policies Increase Private Insurance Coverage and Reduce Medicaid Expenditure?

2017 ◽  
Vol 17 (1) ◽  
Author(s):  
Guoxuan Ma ◽  
Wei Sun
Keyword(s):  
Long Term Care ◽  
Private Insurance ◽  
Insurance Coverage ◽  
Purchase Decisions ◽  
Term Care ◽  
Middle Income ◽  
Insurance Policies ◽  
Long Term Care Insurance ◽  
Care Costs

Abstract Using an inter-temporal optimization model of long-term care insurance purchase decisions, we evaluate catastrophic long-term care insurance policies that cover the tail risk of long-term care costs at affordable premiums. Under our baseline model, we show theoretically that introducing catastrophic policies will induce 11 percent of middle-income men and 3 percent of middle-income women to initiate private insurance coverage. As a result, Medicaid costs will be reduced by 0.20 percent and 0.19 percent for men and women, respectively.

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