Long-term care insurance and medical insurance

Long term care insurance.

Long term care is a relatively new employee benefit issue and was virtually unheard of two years ago. Long term care plans have been implemented in a handful of companies and government retirement systems. Long term care has become an employee benefits issue because of the growing awareness of the risks of long term care to the elderly and the costs of long term care. Long term care benefit pla...

Future Reforms of Medical and Long-Term Care Insurance Programs

Policy Options for Health Insurance and Long-term Care Insurance

Long Term Care Insurance: Medical Risk Management Issues in Underwriting

This article focuses on medical aspects of the risk selection process for long term care insurance products. Our objective is to identify for medical directors and underwriters key underwriting considerations upon which to build a sound strategy. Section 1 reviews demographic, social and other factors contributing to the need for these products. This snapshot of the long term care context sets ...

Narrow Framing and Long-Term Care Insurance

We propose a model of narrow framing in insurance and test it using data from a new module we designed and fielded in the Health and Retirement Study. We show that respondents subject to narrow framing are substantially less likely to buy long-term care insurance than average. This effect is distinct from, and much larger than, the effects of cautiousness, risk aversion, or adverse selection, a...