Longlife insurance: a prototype for funding long-term care.
Getzen, Thomas E
Date of Pub
Longlife insurance combines nursing home, home health, and deferred annuity benefits. It costs less than life care, allows
the elderly to remain in their own homes, and protects assets. Adverse selection is limited because the plan is attractive
to both frail and healthy elders. An analysis of 18,600 respondents in the Social Security Administration's New Beneficiary
Survey indicates that 67 percent of all retirees could afford a typical longlife insurance plan. However, less than one-half
of all females living alone, 24 percent of minorities, and 8 percent of the disabled could pay privately.
Retirement : Actuarial Analysis : Aged : Female : Financing, Personal/methods : Health Services for the Aged/economics : Human
: Income : Insurance Selection Bias : Insurance, Life/economics : Insurance, Long-Term Care/methods : Interviews : Male :
Medicaid/statistics & numerical data : United States