Private-Sector Approaches to Financing Long-Term Services and Supports

Background

Strategies for financing long-term services and supports (LTSS) must consider private-sector options, which can help some older people meet part of their LTSS costs and maximize their choices. Greater innovation in retirement savings through improved access, incentives, and adequate education could generate personal assets to meet both retirement expenses and LTSS needs (see Chapter 4, Retirement Income: Established Retirement Savings Vehicles, for related policy). However, none of these approaches can pay for all or even most of the nation’s LTSS expenses, because the private sector cannot offer universal coverage or full insurance protection.

Found in Private-Sector Approaches to Financing Long-Term Services and Supports