Tag: long-term care insurance
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…
Abstract We provide empirical evidence on the extent to which long-term care insurance affects the housing and living arrangements of the elderly by examining plausibly exogenous changes in the supply of long-term care insurance through the Medicare program that occurred in the late 1990s. Prior to 1997, Medicare reimbursed home health care agencies on a…
