🖤 Donations of all sizes power our public service journalism 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.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.