Background Paper

The Promise and the Reality of Long-Term Care Insurance
July 31, 2004


Randy A. Desonia


The aging of the nation’s population will create a surge in the need for long-term care services, putting pressure on existing funding sources and fueling demand for more. This paper examines one financing option—private long-term care insurance—and summarizes its brief history and the several critical precedents that have influenced the products as currently sold. Other topics discussed include the challenges to encouraging sales growth as well as increasing the role of this type of insurance in paying for long-term care.

Related Materials

See also the entry for the related Forum Session.

Other related Forum products include "National Spending for Long-Term Services and Supports (LTSS), 2012," (The Basics, March 27, 2014) and a Forum session on informal caregiving (September 2007).

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