What have you always wondered about the economy? Tell Us
My Two Cents

TITLE MISSING

Chris Farrell Sep 19, 2007

The Center for Retirement Research at Boston College has released a new Issue in Brief: “The Role of Private Insurance in Financing Long-term Care”. It’s by a former Business Week colleague, Howard Gleckman.

Here are the key findings:

Long-term care insurance would allow people to preserve assets and choice over providers; and take pressure off Medicaid spending.

However, long-term care insurance has not been widely popular due to:
high costs; misperceptions that Medicare and Medigap will cover long-term care; and the availability of Medicaid.

Private insurance is likely to play only a niche role in financing long-term care.

News and information you need, from a source you trust.

In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.

This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.

Stand up for independent news—become a Marketplace Investor today with a donation in any amount.