Tag: Washington State

Healthcare worker with man using walking support

Long-term care is the major uninsured expense for most retirees.  Neither private health insurance nor Medicare covers long-term care expenses, although Medicare provides for care in a skilled nursing facility for up to 100 days following hospitalization.  Long-term care insurance is available in the private market, but less than 5 percent of people purchase plans. …

Road sign that says Washington which an image of the state and an arrow pointing to the right with a blue sky in the background

Social insurance can’t work with participation on a voluntary basis. Providing long-term care is one of the biggest challenges facing an aging society.  According to our calculations, about one-quarter of retirees are likely to experience the type of severe long-term care needs that most people dread (high-intensity care for more than three years) and over…