“LTCi environment ripe for innovation,” by Susan Rupe, InsuranceNewsNet
“Long-term care is something 4 in 10 workers believe they will need at some point in their lives while 40% of U.S. households are projected to run out of money in retirement. It’s an environment ripe for innovation in long-term care insurance from both the public and private sectors.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
On the public policy side, another key innovation would be Medicaid reform. Limiting access to Medicaid resources to those who truly have no other options and requiring those who can save, invest or insure for their long-term care needs to do so, would in turn incentivize LTCi sales and protect more people.