Long-Term Care Insurance and Expenses for Older Adults with Cognitive Impairments
Author Information
Author(s): Long Chengxu, Yang Wei, Glaser Karen
Primary Institution: King’s College London
Hypothesis
The study investigates the impact of long-term care insurance on catastrophic health and long-term care expenditures among older adults with cognitive impairments.
Conclusion
Long-term care insurance can significantly reduce catastrophic health and long-term care expenditures among older adults with cognitive impairments.
Supporting Evidence
- A significant proportion of catastrophic health and long-term care expenditures among older adults with cognitive impairment is attributed to long-term care costs.
- The implementation of long-term care insurance reduces both the incidence and intensity of catastrophic health and long-term care expenditures.
Takeaway
This study shows that having insurance for long-term care can help older people with memory problems save money on their health costs.
Methodology
The study used data from multiple waves of the China Health and Retirement Longitudinal Study and employed a difference-in-differences approach.
Participant Demographics
Older adults with cognitive impairments in China.
Digital Object Identifier (DOI)
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