Expectancies and Ownership of Long-Term Care Insurance Policies Among Older Married Couples

2010 ◽  
Vol 30 (5) ◽  
pp. 562-586 ◽  
Author(s):  
Frank G. Caro ◽  
Frank W. Porell ◽  
Ngai Kwan
Keyword(s):  
Long Term Care ◽  
Married Couples ◽  
Term Care ◽  
Insurance Policies ◽  
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.

scholarly journals State tax subsidies to bolster the long-term care insurance market

2014 ◽  
Vol 34 (3) ◽  
pp. 415-436 ◽  
Author(s):  
David C. Nixon
Keyword(s):  
Fixed Effects ◽  
Long Term Care ◽  
State Governments ◽  
Term Care ◽  
Sales Data ◽  
Insurance Policies ◽  
Tax Subsidies ◽  
State Income ◽  
Long Term Care Insurance

AbstractThis paper examines long-term care insurance sales to assess whether state income tax subsidies are effective in encouraging the private purchase of long-term care insurance. Drawing from the most comprehensive available sales data on long-term care insurance policies, cross-state and over-time variation in sales data during the late 1990s and early 2000s are analysed. This analysis uses a panel model with fixed effects controls for potential endogeneity between state provision of tax subsidies and actual sales of long-term care insurance policies. Income, health and family support factors are significant determinants in the sale of long-term care insurance, but the tax incentives provided by many state governments do not induce any more sales of long-term care insurance than could be expected without such incentives. These costly subsidies have not been prudent uses of public dollars, and have not helped states cope with the challenge of long-term care costs.

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