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Report Examines Private Long-Term Care Insurance And The Challenges of Paying for Long-Term Care

“As the ongoing recession places new constraints on family and government budgets, the long-standing gap between Americans’ need for long-term care services and the public and private funding available to pay for them grows ever wider. Policymakers may be interested in exploring whether private long-term care insurance – which now covers only about 6 million individuals – could play a larger role in financing the country’s long-term care needs. A new policy brief, Closing the Long-Term Care Funding Gap: The Challenge of Private Long-Term Care Insurance, from the Kaiser Commission on Medicaid and the Uninsured examines the fundamentals of private long-term care insurance…Also available is related testimony, Filling In the Long-Term Care Gaps, from Diane Rowland, Executive Vice President of the Foundation and the Executive Director of KCMU, who testified June 3 at a U.S. Senate Special Committee on Aging hearing on the role of private insurance in long-term care.”

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