Tag: long-term care insurance
![Doctor stethoscope](https://crr.bc.edu/wp-content/uploads/2009/03/Doctor-stethoscope-1536x1024.jpeg)
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…
![Senior Healthcare Assistance in a Home](https://crr.bc.edu/wp-content/uploads/2022/11/health_long-term_care_2-1536x1024.jpg)
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…