The Gerontologist · 1987 · 16 citations · 0 references
Public AffairsHealth PolicyInsuranceHealth InsuranceHealthcare PolicyLong-term Care PolicyEligibility For Long-term CareInsurance CoverageLong-term Care CoverageLong-term Care FinancingLong-term Care InsurancePrivate Long-term Care InsuranceIndemnity CostsIndemnity RightsLong-term Care Insurance FinancingLong-term Insurance ContractsLong-term Services CoveragePremium IncreasesPrivate Insurance CoverageUniversal Long-term Care Coverage
A descriptive analysis of 31 private long-term care insurance policies was conducted. Policies were examined for premium rates, extent and levels of coverage, restrictions on eligibility to purchase a policy, and indemnity payment levels. Findings suggested that policies are expensive, impose numerous eligibility restrictions, offer limited coverage for certain services, and provide indemnity payments that fail to account for inflation.