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Centre for Policy on Ageing | |
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| The importance of employer-sponsorship in the long-term care insurance market | | Author(s) | Namratha Swamy |
| Journal title | Journal of Aging & Social Policy, vol 16, no 2, 2004 |
| Pages | pp 67-84 |
| Source | http://www.tandfonline.com |
| Keywords | Nursing homes ; Care homes ; Health insurance ; Social surveys ; United States of America. |
| Annotation | Medicare and Medicaid are major sources of (US) long-term care payments and thus will bear much of the burden from the growth in long-term care service use. The large future demand for such services is of great concern among policymakers, due to its expense and the use of public programme dollars. It is argued that the individual purchase of long-term care insurance can help alleviate the increasing financial pressure on public programmes responsible for the majority of long-term care financing. However, consumers have shown little interest in insuring against the high costs of long-term care. This analysis examines the effect of several factors on the decision to purchase such insurance: knowledge and attitudes, financial systems, perceived risks, financial planning behaviour, and the availability of long-term care insurance. The interim results indicate the factor most likely to affect the decision to purchase long-term care insurance is access to employer-sponsored long-term care insurance. This suggests that the availability of affordable and high quality coverage is more important than demand factors such as awareness and perceived risks for long-term care. (KJ/RH). |
| Accession Number | CPA-040928205 A |
| Classmark | LHB: KW: WPG: 3F: 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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