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

Lin, Haizhen; Prince, Jeffrey

doi:10.2139/ssrn.2039059

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

19 Pages Posted: 12 Apr 2012 Last revised: 26 Sep 2014

See all articles by Haizhen Lin

Haizhen Lin

Indiana University - Kelley School of Business - Department of Business Economics & Public Policy

Jeffrey Prince

Indiana University - Kelley School of Business - Department of Business Economics & Public Policy

Date Written: September 2013

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. 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