Determinants of Private Long-Term Care Insurance Purchase in Response to the Partnership Program.

ABSTRACT:

Objective

To assess three possible determinants of individuals' response in their private insurance purchases to the availability of the Partnership for Long-Term Care (PLTC) insurance program: bequest motives, financial literacy, and program awareness.

Data sources

The health and retirement study (HRS) merged with data on states' implementation of the PLTC program.

Study design

Individual-level decision on private long-term care insurance is regressed on whether the PLTC program is being implemented for a given state-year, asset dummies, policy determinant variable, two-way and three-way interactions of these variables, and other controls, using fixed effects panel regression.

Data extraction methods

Analysis used a sample between 50 and 69 years of age from 2

SUBMITTER: Lin H 

PROVIDER: S-EPMC4799899 | biostudies-literature | 2016 Apr

REPOSITORIES: biostudies-literature