Tag: long-term care insurance
Abstract While the private long-term care insurance market has remained small, an important trend in the United States has been the increased dependence on Medicaid to provide long-term care services for the elderly. As a result, the government has attempted to develop laws that would incentivize the purchase of private long-term care insurance policies, in…
The brief’s key findings are: The National Retirement Risk Index (NRRI) shows the percent of households ‘at risk’ of failing to maintain their standard of living in retirement. The need to purchase long-term care insurance or to use home equity for nursing home expenses raises the NRRI to about 65 percent. This impact comes from…
