scholarly journals A Systematic Review on The Insurability Risk for Long-Term Care Insurance in Europe and Asia Countries

2021 ◽  
Author(s):  
Nurin Amni Arshad ◽  
Mazlynda Md Yusuf
Keyword(s):  
Long Term Care ◽  
World Population ◽  
Asian Countries ◽  
Insurance Policy ◽  
Term Care ◽  
Developed Country ◽  
Care Services ◽  
Long Term Care Insurance ◽  
The Cost

Due to the trends of the increase in life expectancies and decrement in fertility rates, the world population is moving towards becoming an ageing nation. With the rise in the number of older people, the demand for long-term care services is expected to increase. Long-term care services are ubiquitous in the developed country, especially in the European region as the countries have become the aged nations. Apart from that, the cost for long-term care services differs for individuals based on the level of needs and the service provider, either public or private nursing home for long-term care. Due to the growing cost of long-term care services, a long-term care insurance policy may be seen as an alternative to covering the cost of long-term care services because the risk is mitigated for individuals. However, most Asian countries are not familiar with the long-term care insurance policy as there is no specific insurance policy for long-term care services offered yet in these countries. The essential factor in constructing a long-term care insurance policy is to identify the risks that are insurable to be included in the policy to be used later for pricing long-term care insurance policy in Malaysia. This study provides an in-depth review and understanding of the insurable risks associated with long term care insurance in European and Asian countries.

Consumer Numeracy and Insurance Design Decisions: An Examination of Inflation Protection Take-Up Among Private Long-Term Care Insurance Policy Holders

2018 ◽  
Vol 77 (2) ◽  
pp. 187-195 ◽  
Author(s):  
Brian E. McGarry ◽  
David C. Grabowski
Keyword(s):  
Long Term Care ◽  
Market Reforms ◽  
Insurance Policy ◽  
Term Care ◽  
Design Decisions ◽  
Percentage Points ◽  
Long Term Care Insurance ◽  
Selection Of

Given the rising cost of long-term care (LTC) services, the selection of a private long-term care insurance (LTCi) policy with inflation protection has critical implications for the ability of this coverage to protect against potentially catastrophic LTC expenses. This study examines the effect of consumers’ numeric abilities on the decision to add inflation protection to private LTCi policies. Over 40% of current LTCi policies lack inflation protection. Higher scores on a three-question numeracy scale are associated with increases in the probability of choosing inflation protection at the time of policy purchase, with households answering all three questions correctly being 12 percentage points more likely to have this benefit type relative to those with a numeracy score of 0 ( p = .002). Market reforms that simplify the task of evaluating LTCi plans and assessing the value of indexed benefits may be needed to ensure that LTCi policy purchasers are selecting adequate protection against future LTC costs.

Effect of long-term care insurance on communication/recording tasks for in-home nursing care services

2004 ◽  
Vol 38 (2) ◽  
pp. 101-113 ◽  
Author(s):  
Yoshihisa Hirakawa ◽  
Yuichiro Masuda ◽  
Kazumasa Uemura ◽  
Masafumi Kuzuya ◽  
Akihisa Iguchi
Keyword(s):  
Nursing Care ◽  
Long Term Care ◽  
Home Nursing ◽  
Term Care ◽  
Care Services ◽  
Long Term Care Insurance ◽  
Home Nursing Care

Pflegerecht

2019 ◽  
Author(s):  
Constanze Janda
Keyword(s):  
Long Term Care ◽  
Service Providers ◽  
Legal Aspects ◽  
Point Of View ◽  
Eligibility Criteria ◽  
Term Care ◽  
The Social ◽  
Long Term Care Insurance ◽  
The Cost

The textbook is dealing with the fundamental legal aspects of the long-term care insurance and the fields of law related to that. The latest legislative developments and reforms, such as the two “Pflegestärkungsgesetze” are presented, thus the book is higly up-to-date. After defining and discussing the concept of “need of care”, the authors present the eligibility criteria and benefits in the long-term care insurance from the claimants’ point of view. Additionally, the legal relations between service providers and the cost-bearers as well as matters of quality assurance are reflected. The focus is set on the social care insurance (SGB XI), but benefits of the health care insurance (SGB V) and the social assistance scheme (SGB XII) related to care are dealt with, too. Schedules, case studies and sample examinations questions make the book a very helpful guide through the law of care for students of law, social work and care. Besides, pracitioners can get a concise overwiev on the recent development in care.

scholarly journals Socioeconomic Costs of Dementia Based on Utilization of Health Care and Long-Term-Care Services: A Retrospective Cohort Study

2021 ◽  
Vol 18 (2) ◽  
pp. 376
Author(s):  
Eun-Jeong Han ◽  
JungSuk Lee ◽  
Eunhee Cho ◽  
Hyejin Kim
Keyword(s):  
Long Term Care ◽  
Quality Care ◽  
Survey Study ◽  
Community Based ◽  
Term Care ◽  
Care Services ◽  
Long Term Care Insurance ◽  
Community Based Services ◽  
Socioeconomic Cost

This study examined the socioeconomic costs of dementia based on the utilization of healthcare and long-term care services in South Korea. Using 2016 data from two national insurance databases and a survey study, persons with dementia were categorized into six groups based on healthcare and long-term care services used: long-term care insurance users with home- and community-based services (n = 93,346), nursing home services (n = 69,895), and combined services (n = 16,068); and long-term care insurance non-users cared for by family at home (n = 192,713), living alone (n = 19,526), and admitted to long-term-care hospitals (n = 65,976). Their direct and indirect costs were estimated. The total socioeconomic cost of dementia was an estimated US$10.9 billion for 457,524 participants in 2016 (US$23,877 per person). Among the six groups, the annual per-person socioeconomic cost of dementia was lowest for long-term care insurance users who received home- and community-based services (US$21,391). It was highest for long-term care insurance non-users admitted to long-term care hospitals (US$26,978). Effective strategies are necessary to promote long-term care insurance with home- and community-based services to enable persons with dementia to remain in their communities as long as possible while receiving cost-efficient, quality care.

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