Archive: Wei Sun
![Rear,Back,View,Of,Young,Female,Doctor,Physiotherapist,Caretaker,Help](https://crr.bc.edu/wp-content/uploads/2022/11/health_long-term_care_9-1536x1024.jpg.webp)
The brief’s key findings are: More than one quarter of those who buy long-term care insurance at age 65 will let their policies lapse at some point, forfeiting all benefits. Lapses could be due to the burden of insurance premiums, a strategic calculation that care use is less likely, or poor decisions due to declining…
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The brief’s key findings are: Long-term care is expensive, but only 13 percent of single individuals over 65 have long-term care insurance. Previous models of care usage appear to understate the risk of going into care and overstate the duration of care for those who require it. If long-term care is a more likely, but…