States, insurance companies partner for long-term care

02/15/2013 | Medill Reports (Northwestern University)

Aging baby boomers soon will face the high costs of long-term care, but few Americans have long-term-care insurance. The burden for those who cannot afford care falls to states, which pay for Medicaid. Many states are partnering with insurance companies in plans that allow seniors with long-term-care insurance to qualify for Medicaid without losing their assets if their costs exceed insurance coverage. The idea is to get more people to purchase insurance.

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Medill Reports (Northwestern University)

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