Private Long-Term Care Insurance and State Tax Incentives
To increase the role of private insurance in financing long-term care, tax incentives for long-term care insurance have been implemented at both the federal and state levels. To date, there has been surprisingly little study of these initiatives. Using a panel of national data, we find that market t...
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| Main Authors: | , , |
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| Format: | Book |
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SAGE Publishing,
2009-08-01T00:00:00Z.
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| Online Access: | Connect to this object online. |
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| Summary: | To increase the role of private insurance in financing long-term care, tax incentives for long-term care insurance have been implemented at both the federal and state levels. To date, there has been surprisingly little study of these initiatives. Using a panel of national data, we find that market take-up for long-term care insurance increased over the last decade, but state tax incentives were responsible for only a small portion of this growth. Ultimately, the modest ability of state tax incentives to lower premiums implies that they should be viewed as a small piece of the long-term care financing puzzle. |
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| Item Description: | 0046-9580 10.5034/inquiryjrnl_46.03.305 |