Program to Promote Long-Term Care Insurance for the Elderly
The Foundation's Program to Promote Long-Term Care Insurance for the Elderly was designed to stimulate private/public partnerships at the state level for the development of long-term care insurance for the elderly.This is a planning project to design a public/private initiative in long-term care insurance. The current model includes a public stop-loss and premium subsidies for low- and moderate-income elderly to assure the affordability of private products. The objective of this project is to: (1) conduct a survey to determine long-term care service needs among the elderly in California, (2) to analyze spend-down and long-term care utilization data to determine ultimate costs, offsets, and premium rates, (3) to work with state and private officials in refining the program so that, (4) a fundable demonstration program can be designed.
Amount Awarded $384,944.00
Awarded on: 7/14/1988
Time frame: 8/1/1988 - 5/31/1992
Grant Number: 12999