![]() These results suggest that although private LTCI does not entirely protect insured individuals against large medical expenditure, it improves the general financial well-being of insured individuals, potentially by reducing Medicaid-related disincentives to asset accumulation, motivating individuals to save more and reduce intergenerational wealth transfers. Using an instrumental variable approach to account for the endogeneity of LTCI purchase, we find that LTCI leads to consistently positive effects on assets, consistently negative effects on Medicaid and Food Stamp enrolment and parent–child financial transfers, and ambiguous effects on out-of-pocket medical payments. lasik Customized to fit your lifestyle know your options LASIK Self Test Eye Care Eye Care for the Entire Family Schedule an Appointment learn more (800) 287-2519 Request an Appointment Patient Portal Pay Bill Online How Can We Help You our doctors Dr. In: Proceedings of 1AEA/FAO International Symposium on Nuc. Health and Retirement Study data to examine how LTCI affects key financial outcomes of insured individuals. Abdul Rehman a, Luan Jingdong a, Babar Shahzad b, Abbas Ali Chandio c. ![]() ![]() Although private long-term care insurance (LTCI) is often discussed as a potential solution to the need for long-term care financing in the U.S., there is little empirical evidence on the economic consequences of having LTCI. ![]()
0 Comments
Leave a Reply. |