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Centre for Policy on Ageing | |
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| Enabling informed consumer choice in the long-term care insurance market | | Author(s) | Steven Lutzky, Lisa Maria B Alecxih |
| Journal title | Journal of Aging & Social Policy, vol 10, no 3, 1999 |
| Pages | pp 27-44 |
| Source | http://www.tandfonline.com |
| Keywords | Services ; Health services ; Long term ; Insurance [elderly] ; Health insurance ; United States of America. |
| Annotation | Provisions in the Health Insurance Portability and Accountability Act of 1996 (HIPAA), United States, may increase private long-term care insurance sales without imposing substantially more stringent consumer protection features. The ability of consumers to make informed choices when purchasing this complex product was examined in light of these changes. Data were collected through detailed examinations of policies and interviews with industry experts, insurance companies, agents, consumer groups, and regulators. Because of the complexity of this product, the goals of expanding consumer choice and ensuring that consumers are able to make informed decisions often work against each other. Mechanisms are discussed through which the government can facilitate informed choice and improve consumer protection. The author suggests that, because the government is providing tax incentives that encourage consumers to purchase the product, it has the responsibility to ensure that consumers understand the long-term care insurance they purchase. (AKM). |
| Accession Number | CPA-000322209 A |
| Classmark | I: L: 4Q: JG: WPG: 7T |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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