Long-term Care Insurance
Premium Estimates for Prototype Policies
Bibliographic Data
| ID | 9099701 |
|---|---|
| Authors | Mark R Meiners (National Center for Health Research, corresponding author), Gordon R Trapnell (Actuarial Research Corporation) |
| Year | 1984 |
| Volume | 22 |
| Issue | 10 |
| Pages | 901-911 |
| Publication date | 1984-10-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Medical Care (JOURNAL) |
| Journal identifiers | ISSN: 0025-7079 • E-ISSN: 1537-1948 |
| Publisher | Ovid Technologies (Wolters Kluwer Health) (PUBLISHER) |
| DOI | 10.1097/00005650-198410000-00003 |
| PMID | 6436589 |
| OpenAlex | W1995968701 |
| Language | EN |
| Citations received | 5 |
Private insurance has been suggested as a way to relieve the growing pressure on Medicaid budgets brought about by the long-term care needs of the elderly. This paper provides premium estimates for prototype long-term care insurance policies. Alternative specifications of services covered, amount of benefits paid per day, waiting period before benefits begin, years of coverage, age at time of purchase, administrative expenses, risk selection, and tax treatments are examined. The estimates are useful in understanding the general order of magnitude of premiums for various types of policies and assumptions. They may also be useful in deriving initial rates for new types of policies or in setting initial rates for an insurer with no access to actual experience data
Actuarial science · Business · Economic growth · Economics · Health care · Long-term care · Long-term care insurance · Medicaid · Order (exchange) · Private insurance · Term (time) · Finance · Global Health Care Issues · Healthcare Policy and Management · Medicine · Retirement, Disability, and Employment
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The Feasibility of a Public-Private Long-Term Care Financing Plan
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The elderly's private insurance coverage of nursing home care
Probabilities and Lifetime Durations of Short-Stay Hospital and Nursing Home Use in the United States, 1985
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,12 |
| Citation span | 1985 - 1996 (12) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |