The impact of the partnership long-term care insurance program on private coverage

TitleThe impact of the partnership long-term care insurance program on private coverage
Publication TypeJournal Article
Year of Publication2013
AuthorsLin, H, Prince, JT
JournalJournal of Health Economics
Volume32
Pagination1205 - 1213
ISSN Number0167-6296
KeywordsInsurance, Long-term Care, Medicaid, Partnership, Program
Abstract

We examine the impact of U.S. states’ adoption of the partnership long-term care (LTC) insurance program on households’ purchases of private coverage. Targeting middle-class households, this program increases the benefits of privately insuring via a higher asset threshold for Medicaid eligibility for LTC coverage. We find that the program generates few new purchases of LTC insurance, and that those it generates are almost entirely by wealthy individuals.

URLhttp://www.sciencedirect.com/science/article/pii/S016762961300129X
DOI10.1016/j.jhealeco.2013.09.010
Citation KeyLIN20131205