Enabling informed consumer choice in the long-term care insurance market
Article Abstract:
Expanding consumer choice and the need for consumers to be able to make informed purchases are seen to be affected by some recent regulations in the insurance industry. These include the Health Insurance Portability and Accountability Act of 1996, which may boost sales of private long-term care insurance but at the same time hinder the adoption of stricter consumer-protection features. Since the government offers tax incentives that encourage consumers to purchase the product, it must make sure that consumers will be able to understand the long-term care insurance that they are purchasing.
Publication Name: Journal of Aging & Social Policy
Subject: Sociology and social work
ISSN: 0895-9420
Year: 1999
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Impact of regulation and financing on small board-and-care homes in Maryland
Article Abstract:
A study of 94 small board-and-care homes in Maryland was conducted to determine whether the effort of some states to control quality in these facilities has been successful. By measuring the quality of care and average payment for services between homes regulated by a state-administered program and those which are unregulated, it was found that higher payments for services had a positive impact more than participation in a regulatory program did. The finding indicates that state-regulated homes must secure adequate funding to ensure reasonable quality of care.
Publication Name: Journal of Aging & Social Policy
Subject: Sociology and social work
ISSN: 0895-9420
Year: 1997
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Can regulation improve long-term care insurance? lessons from the Medigap experience
Article Abstract:
Incremental standardization is the most plausible regulatory measure for the regulation of the Medigap market for long-term care insurance. Government intervention can promote the long-term care insurance market, but this will require a modification to regulate a wrap-around product. A proper surveillance of the market is needed for the regulation, which is possible through a regular Health Insurance Association of America product survey and consumer surveys.
Publication Name: Journal of Aging & Social Policy
Subject: Sociology and social work
ISSN: 0895-9420
Year: 1995
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