Publications

Center for
Retirement Research
at Boston College
Hovey House
140 Commonwealth
Chestnut Hill
MA 02467-3808

617-552-1762 TEL
617-552-0191 FAX
crr@bc.edu

Briefs

Briefs offer concise and insightful analyses of topical issues.

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The Role of Private Insurance in Financing Long-Term Care

by Howard Gleckman

September 2007

IB#7-13

Introduction

Private insurance currently plays a small, but potentially important role in financing the long-term care of the elderly in the United States. Some believe it can be a significant element in a restructured long-term care financing system. However, to date, the demand for such insurance has been modest. This brief will discuss the potential benefits of long-term care insurance, review its current structure and status, and explore possible explanations for low takeup rates. Finally, it will consider future issues surrounding the role of this product.

For the full paper in PDF

Howard Gleckman is a visiting fellow at the Center for Retirement Research at Boston College. The author thanks Jeffrey Brown, Richard Johnson, Harriet Komisar, Brenda Spillman, and Anne Tumlinson for their helpful comments.

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