Long-term care insurance: a product for today
Article Abstract:
Long-term care insurance products are likely to be in high demand since government support for long-term care is limited while more than two in every five people will end up in long-term care. Assisted living facilities are included in long-term care while medicare only covers skilled nursing over a short term. Some states have created linked public-private policies where medicaid takes over after the long-term care policy is used up. Tax incentives are also likely to make these policies more attractive but the most important factor is the need for public education about long-term care.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1996
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Private market offers blueprint for Medicare reform
Article Abstract:
Medicare recipients should be offered the range of health care plan choices available in the private market. The government's involvement in Medicare should be minimized because the high costs of the program would be better controlled by allowing senior citizens access to managed care plans. The restrictive reimbursement rate set by the government should be changed in favor of letting the market determine payment. The traditional fee-for-service Medicare plan should be replaced with point-of-service plans, health maintenance organizations, and preferred provider organizations.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1995
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Genetic information and risk classification in individual life and health insurance
Article Abstract:
States should not regulate the use of genetic information for life, medical, and disability insurance risk assessments unless it is shown to be inefficient, inequitable, socially unacceptable, or without incentive value. Insurers need to define classes of risk and distinguish insureds with higher loss potentials within risk categories. Advancing technologies will likely lead to lobbying against use of genetic information for such purposes.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1998
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