Download or read book The Long Term Care Insurance Puzzle written by John Ameriks and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Individuals face significant late-in-life risks, prominently including the need for long-term care (LTC). Yet, they hold little long-term care insurance (LTCI). In this paper we use a structural model and a purpose-designed dataset to understand the determinants of insurance demand. We distinguish between a fundamental lack of desire to insure, crowd out from existing insurance, and unmet demand due to poor products available in the market. The model features individual-specific non-homothetic health-state-dependent preferences over normal consumption, consumption when in need of long-term care, and bequests, which are estimated using strategic survey questions. To account for differences between the modeled and measured insurance products, we study not only individuals' holdings of LTCI, but also their stated demand for an idealized product that mirrors that in the model. We find that many individuals would purchase LTCI and receive a large consumer surplus if it were a better product, while many others do not want to purchase even high-quality actuarially fair LTCI due to the values of their heterogeneous state-dependent preferences, their demographics, and their financial situation.
Download or read book Financing Long Term Care in Europe written by J. Costa-Font and published by Springer. This book was released on 2011-11-08 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forecasts predict that those in need of long-term care in Europe will double in the next 50 years. This book offers a full understanding of the institutional responses and mechanisms in place to finance old age and provides analysis of demand and supply factors underpinning the development of financial instruments to cover long-term care in Europe.
Download or read book A Canadian Parlor Room Type Approach to the Long Term Care Insurance Puzzle written by and published by . This book was released on 2018 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the different hypotheses which have been put forward to explain the low demand for long-term care insurance using the results from a survey of 2000 Canadians that was conducted in the autumn of 2016. Defining the natural market of long-term care insurance buyers as the one catering to individuals aged between 50 and 70, we find that a remarkable proportion of this natural market has never been approached to purchase such protection. We estimate that approximately 60% of this natural market is currently under-served. After eliminating risk perception and demand side explanations for the low market penetration of long-term care insurance, we conclude that supply-side factors and the crowding-out by government programs are the most likely culprits in explaining the low proportion of Canadians that purchase LTC insurance from private providers.
Download or read book A Canadian Parlor Room Type Approach to the Long Term Care Insurance Puzzle written by and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the different hypotheses which have been put forward to explain the low demand for long-term care insurance using the results from a survey of 2000 Canadians that was conducted in the autumn of 2016. Defining the natural market of long-term care insurance buyers as the one catering to individuals aged between 50 and 70, we find that a remarkable proportion of this natural market has never been approached to purchase such protection. We estimate that approximately 60% of this natural market is currently under-served. After eliminating risk perception and demand side explanations for the low market penetration of long-term care insurance, we conclude that supply-side factors and the crowding-out by government programs are the most likely culprits in explaining the low proportion of Canadians that purchase LTC insurance from private providers.
Download or read book Long Term Care Insurance NOW written by Scott A Olson Cltc and published by Independently Published. This book was released on 2024-02-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who should NOT own long-term care insurance? What are the 3 best ways to self-insure for long-term care? What are the 5 types of insurance that can help pay for long-term care? 4 questions you MUST ask when comparing policies! What new regulations are protecting policyholders from big rate increases? Which Life/LTC hybrid should you AVOID? The #1 reason most people should NOT buy a Life/LTC hybrid! Why a Roth IRA should NEVER be used to self-insure for long-term care. What is Washington state's new long-term care payroll tax? How is it better than long-term care insurance? How is it worse? Will it come to your state? In his latest book, long-term care insurance expert Scott A. Olson, CLTC answers these questions and more. His first book, "Simple LTC Solution: How to Protect Your Life's Savings with a Long-Term Care Partnership Program" was released in 2018. "The industry has expanded since then," Olson says. "Consumers have more choices now than ever before. It's like walking down the cereal aisle in the grocery store!" Many top companies are now offering well-rounded, affordable, and comprehensive long-term care products of all kinds: Life/LTC hybrids, Recovery policies, long-term care partnership policies, and revamped traditional long-term care insurance. "But it's never been more confusing to consumers," Olson continues. "That's why I wrote this book, to help inform consumers so that they can better understand their choices and pick something that works for them."
Download or read book Weiss Ratings Consumer Guide to Long Term Care Insurance written by TheStreet.com Ratings, Inc and published by Thestreet.com Ratings. This book was released on 2005 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Complete Idiot s Guide to Long Term Care Planning written by Marilee Driscoll and published by Penguin. This book was released on 2002-09-01 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: The basic motivators will drive people to want to learn more about this topic—fear, money, and insecurity. Consumers fear losing their life savings to LTC costs. Yet, they hesitate to buy insurance with an annual premium of $1,800 without knowing what it covers. In October of 2002 (one month after this book's release), the federal government will be rolling out a payroll deduction plan whereby all government employees and retirees (approximately 18 million people) will have the same opportunity to save for their long-term care needs as they currently have for their 401(k).
Download or read book J K Lasser s Choosing the Right Long Term Care Insurance written by Benjamin Lipson and published by John Wiley & Sons. This book was released on 2002-06-24 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: A PRACTICAL GUIDE TO THE COMPLICATED ISSUE OF LONG-TERM CARE INSURANCE "Next to buying the right long-term care insurance, buying and reading J.K. Lasser's Choosing the Right Long-Term Care Insurance is the best investment seniors and their families can make to help insure independence and dignity in their golden years." -Scott Harshbarger, President and CEO, Common Cause "An indispensable book for all those concerned that the cost of health care will rob their old age of dignity and independence. The author, Ben Lipson, an articulate advocate of patient rights and an authority on health insurance, provides a lucid road map in a terrain mined with hokum." -Bernard Lown, MD, winner of the Nobel Peace Prize "Long-term care insurance is a much-needed and valuable insurance concept, marketed in a maze filled with smoke and mirrors. Most of what passes for consumer guidance is just general information and superficial advice. But Ben Lipson's book takes you by the hand, leads you through the insurance labyrinth, and shines a much-needed light on the product." -Charlie Sabatino, President, National Academy of Elder Law Attorneys Critical coverage will help you: * Decide whether you are among the 40 percent of people who do not need to buy long-term care insurance * Receive the benefits you purchased when you have to make a claim * Distinguish between fact and fiction during a sales pitch J.K. Lasser--Practical Guides for All Your Financial Needs Please visit our Web site at www.jklasser.com
Download or read book Long Term Care Planning Assuring Choice Independence and Financial Security written by Allen Hamm and published by Superior LTC Planning. This book was released on 2015-01-05 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Guidebook for Making Long Term Care Insurance Easier written by and published by Lulu.com. This book was released on with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Solving the Puzzle written by and published by . This book was released on 1987 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Insurance with a Deductible written by Justina Klimaviciute and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Long term Care Insurance written by Harry W. Crosby and published by . This book was released on 2001 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Long term Care Insurance written by Janet L. Shikles and published by . This book was released on 1991 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Long term Care Insurance written by United States. General Accounting Office and published by . This book was released on 1987 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Boon Or Bane written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 2009 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Long Term Care Insurance Made Simple written by Ben Defoor and published by Createspace Independent Publishing Platform. This book was released on 2018-01-05 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you wondering what you would be risking if you didn't get long term care? Is it really worth it? And if you do decide to get it, what's the best way to get coverage that makes sense for you? Are you getting older and simply wonder if long term care insurance is right for you? This book seeks to answer all those questions and explain it in a simple and easy to understand way. It also can help to give you a more comprehensive look at long term care if another professional has presented it to you. This book helps you to make a well informed decision while not taking up too much of your time. This book covers long term care insurance in the USA only.
