Abstract

http://ssrn.com/abstract=2039059
 
 

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The Impact of the Partnership Long-Term Care Insurance Program on Private Coverage and Medicaid Expenditures


Haizhen Lin


Indiana University

Jeffrey Prince


Indiana University - Kelley School of Business

April 12, 2012


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. This program increases benefits of privately insuring via a higher asset threshold for Medicaid eligibility for LTC coverage, and targets middle-class households. We find the program generates few new purchases of LTC insurance, and those it generates are almost entirely by wealthy individuals, as predicted by Medicaid crowd-out. Further analysis suggests that awareness levels of the program, and possibly bequest intentions, also effectively predict response rates, but Medicaid crowd-out persists. We provide an estimate of expected Medicaid savings/costs.

Number of Pages in PDF File: 45

Keywords: insurance, long-term care, partnership, program, medicaid

JEL Classification: H1, H3, I1, L5

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Date posted: April 12, 2012 ; Last revised: February 5, 2013

Suggested Citation

Lin, Haizhen and Prince, Jeffrey, The Impact of the Partnership Long-Term Care Insurance Program on Private Coverage and Medicaid Expenditures (April 12, 2012). Available at SSRN: http://ssrn.com/abstract=2039059 or http://dx.doi.org/10.2139/ssrn.2039059

Contact Information

Haizhen Lin
Indiana University ( email )
1309 East Tenth Street
Bloomington, IN 47405-1701
United States
Jeffrey Prince (Contact Author)
Indiana University - Kelley School of Business ( email )
1309 East Tenth Street
Bloomington, IN 47405-1701
United States
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