Tag: Long-Term Care Insurance Partnership
![Smiling woman eating green apple.](https://crr.bc.edu/wp-content/uploads/2022/11/health_long-term_care_3-1536x864.jpg)
Abstract Although long-term care is a substantial financial risk for retired households, only about 10 percent purchase insurance, with many of the remainder relying on Medicaid. Faced with rising Medicaid expenditures on long-term care, states have attempted to encourage the purchase of private long-term care insurance through partnership programs that exempt purchasers of qualifying policies…