Tag: health risks
Private long-term care insurance is unlikely to be part of the solution. One of the greatest health-related risks facing older people is the cost of extensive long-term care to help with activities of daily living such as bathing, dressing, and eating or to deal with dementia or other chronic conditions. We estimate that roughly…
Risks appear manageable to most today, but adverse impacts will increase in the future. My colleagues just published a review of recent research on the impact of three risks that households face at older ages. These late-life risks include: 1) high out-of-pocket medical costs; 2) cognitive decline; and 3) widowhood. The takeaway from the researc…
