Closing the Long-Term Care Funding Gap: The Challenge of Private Long-Term Care Insurance (2009)

This policy brief reports the results of a study of how consumers buy long-term care policies, what policies cost, how they work and how regulations protect consumers. It finds that cost remains a key barrier to expanding the role of private insurance, health risk can deny consumers coverage, and buyers face complex design issues. Policyholders typically use their insurance benefits to pay for care at home or in an assisted living facility and report they use more paid care as a result of having their policies. The authors conclude that both employer-based products and the Medicaid Partnership Program will shape the market.

Author
Anne Tumlinson and Christine Aguiar of Avalere Health, LLC and Molly O?Malley Watts, Kaiser Family Foundation
Kaiser Commission on Medicaid and the Uninsured

Date 6/1/2009

To View The Report http://www.kff.org/insurance/kcmu060309pkg.cfm

Topic: Home and Community-Based Services