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ERIC Number: EJ458909
Record Type: CIJE
Publication Date: 1993
Pages: N/A
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0016-9013
New Perspectives on the Affordability of Long-Term Care Insurance and Potential Market Size.
Cohen, Marc A.; And Others
Gerontologist, v33 n1 p105-13 Feb 1993
Examined over 6,000 elderly long-term care insurance purchasers. Found that typical policy sold cost $102 per month, covered five years of nursing home care and paid $69 per day in benefits. Close to one-third of purchasers had incomes under $20,000, 63% used some savings to pay premiums, 37% spent more than 5% of income on policies. (Author/NB)
Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A