Filed Under:Health Insurance, Individual Health

LTCI: Is It the Answer?

Judy Feder (Photo courtesy of the U.S. Senate)
Judy Feder (Photo courtesy of the U.S. Senate)

Lawmakers are asking what kind of role private long-term care insurance (LTCI) might play in helping the United States pay for long-term care (LTC) for the baby boomers and others.

Douglas Holtz-Eakin, a former Congressional Budget Office director who is now president of the American Action Forum, Washington, said he believes private LTCI can play a role in helping the country solve LTC finance problems.

"It's not that I don't like private long-term care insurance," Feder said. "It's part of the solution. It's not the solution."

The LTCI market has not grown much in the past 20 years, and the insurers still in the market have trouble making money off it, even when they use tight underwriting requirements, restrict benefits and increase rates, Feder said.

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Nichole Morford

Nichole Morford
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