Private Financing of Long Term Care: Current Methods and Resources. Phase 2

摘要

Planning for the financing and provision of long-term care services depends critically on thee proportion of services which can be funded by the private sector. The study examined the present and potential contribution by the private sector, assessed the barriers which limit contribution in the present, and suggested actions and innovations which will increase the ability of the private sector to support the purchase of needed long-term care services. The investigators met with representatives of private insurance and pension firms, life care communities, and others who deal with the financing and delivery of long-term care services, as well as using secondary data and models to estimate future income and wealth, and thereby future potential contributions, by potential long-term care users. The study also present savings estimates for out-of-pocket costs and for Medicaid costs if specified proportions of those over 65 years of age purchase long-term care insurance.