All NEW Investors: Your gift matched $ for $ this week! GIVE NOW
My Two Cents


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.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.