scholarly journals THE ROLE OF INFORMAL CARE IN MODELING OWNERSHIP OF LONG-TERM CARE INSURANCE

2018 ◽  
Vol 2 (suppl_1) ◽  
pp. 327-327
Author(s):  
S Shin ◽  
D Lillard
Keyword(s):  
Informal Care ◽  
Long Term Care ◽  
Term Care ◽  
Long Term Care Insurance

Private Long-Term Care Insurance and State Tax Incentives

2009 ◽  
Vol 46 (3) ◽  
pp. 305-321 ◽  
Author(s):  
David G. Stevenson ◽  
Richard G. Frank ◽  
Jocelyn Tau
Keyword(s):  
Long Term Care ◽  
Private Insurance ◽  
Tax Incentives ◽  
National Data ◽  
Term Care ◽  
State Tax ◽  
Long Term Care Insurance

To increase the role of private insurance in financing long-term care, tax incentives for long-term care insurance have been implemented at both the federal and state levels. To date, there has been surprisingly little study of these initiatives. Using a panel of national data, we find that market take-up for long-term care insurance increased over the last decade, but state tax incentives were responsible for only a small portion of this growth. Ultimately, the modest ability of state tax incentives to lower premiums implies that they should be viewed as a small piece of the long-term care financing puzzle.

Examining the role of commercial long-term care insurance in long-term care services

2019 ◽  
Vol 37 (2) ◽  
pp. 565-578 ◽  
Author(s):  
Tsu-Wei Yu ◽  
Lu-Ming Tseng
Keyword(s):  
Service Quality ◽  
Relationship Satisfaction ◽  
Long Term Care ◽  
Customer Relationships ◽  
Term Care ◽  
Policy Makers ◽  
Content Type ◽  
Long Term Care Insurance

PurposeThe purpose of this paper is to explore the role of commercial long-term care insurance (LTCI) in long-term care (LTC) services, and to elucidate the mediating roles of service quality and relationship satisfaction in the relationship between customization and loyalty. In addition, this study offers important recommendations for policy makers in formulating policy aimed at supporting the industry and regulating its customer relationships in life insurers in Taiwan.Design/methodology/approachStudy participants were policyholders of life insurance in Taiwan with experience in purchasing commercial LTCI. They were investigated through in-depth interviews and surveys. The hypotheses were tested using the structural equation modeling (SEM) analysis of variance.FindingsThe findings of this study are important for policy makers in formulating policy aimed at supporting the industry and regulating its customer relationships.Originality/valueThis study represents the first attempt to investigate the role of LTCI in LTC services in Taiwan. Likewise, this study improves our understanding of the main issues relating to the effect of customization on policyholder loyalty, and the partially mediating role of service quality and relationship satisfaction in the insurance marketing context.

Long-Term Care

2018 ◽  
Author(s):  
Pierre Pestieau ◽  
Mathieu Lefebvre
Keyword(s):  
Social Insurance ◽  
Long Term Care ◽  
Private Insurance ◽  
Care Needs ◽  
Term Care ◽  
The Family ◽  
Two Factors ◽  
Long Term Care Insurance

This chapter is concerned with the rise in long-term care needs. Long-term care concerns individuals who are no longer able to carry out basic daily activities. Most of the care is currently provided by informal caregivers, mainly the family, while the role of formal care provided by the state or the market remains small. The chapter explains, however, why informal care is expected to decline and analyses the low private insurance development, the so-called long-term care insurance puzzle. These two factors, the decreasing role of the family and a thin insurance market, plead for the development of a full fledge social insurance for long-term care. The chapter then looks at the optimal design of such an insurance.

scholarly journals Role of Race and Ethnicity in Private Long-Term Care Insurance Ownership

2013 ◽  
Vol 54 (6) ◽  
pp. 1001-1012 ◽  
Author(s):  
Brian E. McGarry ◽  
Helena Temkin-Greener ◽  
Yue Li
Keyword(s):  
Race And Ethnicity ◽  
Long Term Care ◽  
Term Care ◽  
Long Term Care Insurance

scholarly journals Long-Term Care Insurance and Family Norms

2013 ◽  
Vol 14 (2) ◽  
pp. 401-428 ◽  
Author(s):  
Chiara Canta ◽  
Pierre Pestieau
Keyword(s):  
Long Term Care ◽  
Term Care ◽  
Family Solidarity ◽  
The Family ◽  
Long Term Care Insurance ◽  
The Government ◽  
Family Norms

Abstract: Long-term care (LTC) is mainly provided by the family and subsidiarily by the market and the government. To understand the role of these three institutions, it is important to understand the motives and the working of family solidarity. In this paper, we focus on the case when LTC is provided by children to their dependent parents out of some norm that has been inculcated to them during their childhood by some exemplary behavior of their parents towards their own parents. In the first part, we look at the interaction between the family and the market in providing for LTC. The key parameters are the probability of dependence, the probability of having a norm-abiding child and the loading factor. In the second part, we introduce the government which has a double mission: correct for a prevailing externality and redistribute resources across heterogeneous households.

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