19 Pages Posted: 12 Apr 2012 Last revised: 26 Sep 2014
Date Written: September 2013
We examine the impact of U.S. states’ adoption of the partnership long-term care (LTC) insurance program on households’ purchases of private coverage. Targeting middle-class households, this program increases the benefits of privately insuring via a higher asset threshold for Medicaid eligibility for LTC coverage. We find that the program generates few new purchases of LTC insurance, and that those it generates are almost entirely by wealthy individuals.
Keywords: insurance, long-term care, partnership, program, medicaid
JEL Classification: H1, H3, I1, L5
Suggested Citation: Suggested Citation
Lin, Haizhen and Prince, Jeffrey, The Impact of the Partnership Long-Term Care Insurance Program on Private Coverage (September 2013). Available at SSRN: https://ssrn.com/abstract=2039059 or http://dx.doi.org/10.2139/ssrn.2039059
By Alma Cohen