Balancing the use of public and private financing for long-term care
Article Abstract:
The financing of long-term health care is becoming a more important part of retirement planning as the baby boomers get older and the average life span increases. The rising cost of health care means that medicaid and medicare cannot be relied upon to provide the necessary coverage. It is possible that a combination of medicaid and private partner coverage can aid people in insuring themselves health care as they age. Others may be able to afford long-term care coverage on their own, as the industry is offering many new types of coverage in an attempt to take advantage of changing demographics.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1993
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The psychology of money
Article Abstract:
Older adults of any income level tend to be more satisfied with their current financial resources than at any other age. However, they also tend to be more concerned about their future resources. Understanding the psychology of money among older adults can be important for both the financial services industry and public policy. Public policy should address the long-term health care needs of all older adults. The financial services industry should produce products that address older people's concerns about the future rather than their current financial situation.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1997
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Doomsday 2029? Social Security projections don't tell the whole story
Article Abstract:
Predictions of the demise of the Old-Age and Survivors Insurance Social Security trust fund have focused on improper elements and have not properly analyzed demographic and economic statistics. Such analysis leads to the conclusion that baby boom generation retirees will not ultimately cause a crisis in the system. Small tax increases and investments of some reserves in equity markets should be adequate to account for future economic burdens.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1998
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