Showing papers on "Long-term care insurance published in 1992"

Work and Family: The New Strategic Plan

Abstract: A growing number of employers have begun responding to the family needs of their workers. Concerns about labor shortages, productivity and global competitiveness create the bottom-line reasons for a business response to families. About 5,400 employers have addressed employees’ child care needs with on-site centers, referral programs and financial assistance. Several hundred employers provide elder care support, usually through counselling and referral services, and long term care insurance. Flexibility, through flextime, job sharing and work-at-home is also important to employees with family needs. These programs eventually lead companies to create a “family friendly” culture through corporate communications, management training programs, designation of a “manager of work-family programs,” and incorporation of family concerns into the strategic plan of the organization.

Economic Rationality, the Affordability of Private Long-term Care Insurance, and the Role for Public Policy

Abstract: This study uses data from the 1984 panel of the Survey of Income and Program Participation (SIPP) of the U.S. Bureau of the Census to develop new estimates of the potential market for private long-term care insurance. It found that this market is potentially significant--especially among individuals in the 65-69 age group who are willing to spend up to 50% of their discretionary income on such insurance--but considerably lower than previous estimates, such as those of Cohen and colleagues (1987).

Public-private partnerships: the Connecticut model for financing long-term care.

Abstract: Responses to the growing crisis in long-term care financing have included efforts to negotiate partnerships between the private and public sectors for the purpose of developing innovative models for long-term care insurance. One such set of models has been encouraged by support from the Robert Wood Johnson Foundation's “Long Term Care Insurance Program” grants. The Connecticut Partnership for Long Term Care uses a cooperative approach to encourage the development of private sector long-term care insurance products that are integrated with Medicaid eligibility determinations. The Connecticut model is described, accompanied by a history of its development, and a comparison is made with other models currently under consideration by national policy analysts. J Am Geriatr Soc 40:1026–1030, 1992

Comparing long-term care insurance policies.

Abstract: You can’t know for sure if you’ll need long-term care or for how long, but you can plan for the possibility that you’ll one day need expensive long-term assistance if health problems result in a loss of independence. Studies suggest that almost 70% of those over age 65 will need some type of long-term care for three years, and 20% will need care for more than five years. More than two-thirds of those needing care will require nursing home services. But Medicare does not cover longterm care, and nursing home care averaged $80,000 a year in 2009, according to the U.S. Department of Health and Human Services. A home health aide is expensive as well; in fact, hiring one can cost as much as $21 an hour, more than $500 for round-the-clock care.

Identifying and Promoting Consumer Awareness of Long Term Care Insurance in Connecticut

Abstract: Financing long term care is a major concern for older individuals given limited Medicare coverage. Long term care insurance has recently become increasingly available as an option for many older persons, although the array of policies and complications of coverage can be baffling to old and young alike. This paper describes a series of activities in the state of Connecticut which helped to identify consumer education needs about long term care insurance. Innovative activities in the state to promote affordable long term care financing and consumer awareness are highlighted.

Long-term care insurance--an emerging employee benefit.

Abstract: As the need for this benefit increases, long-term care will continue to grow. This articles outlines an approach to plan design.

Activities of daily living: tools to measure functional loss.

Abstract: A previous report in this Journa/focused on the medical aspects of long term care insurance (LTC) risk selection.1 That article highlighted the key underwriting considerations inherent in LTC risk segmentation. Since publication of that report nearly two years ago, LTC products have evolved to include coverage for a wide variety of insureds, including employer groups, individuals, and communities for the elderly. Currentl~ LTC products provide personal risk protection against financial loss resulting from significant functional incapacitation. In order to quantify that functional loss, a tool was needed which had proven validity, easy reproducibility and wide acceptance. Activities of Daily Living are the basic functions we humans perform each day in order to maintain an independent quality of life and the index of Activities of Daffy Living (ADLs) has become the tool which quantifies those functions.