Means-tested public support and the interaction between long-term care insurance and informal care

Jean-Marc Bascans, Christophe Courbage and Cornel Oros
Additional contact information
Jean-Marc Bascans: University of Poitiers
Christophe Courbage: University of Applied Sciences Western Switzerland (HES-SO)

International Journal of Health Economics and Management, 2017, vol. 17, issue 2, No 1, 113-133

Abstract: Abstract This paper investigates theoretically how the structure of means-tested public long-term care (LTC) support influences the relationship between LTC insurance and informal care. Three types of public support encountered in various means-tested LTC schemes are examined. First, the level to be considered for means-testing only takes into account the level of wealth of the recipient without considering the cost of LTC or the possible insurance benefits. Second, the public support also considers the LTC needs of the recipient. Third, the means-test structure takes into consideration insurance benefits as well. Our results show that the optimal levels of insurance and informal care as well as their relationship are strongly influenced by the ways means-tested public support for LTC is structured, which have important implications in terms of public policy for the financing of LTC needs.

Keywords: Long-term care; Informal care; Long-term care insurance; Means testing (search for similar items in EconPapers)
JEL-codes: D1 H2 I1 J1 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1007/s10754-016-9206-4 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Means-tested public support and the interaction between long-term care insurance and informal care (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:ijhcfe:v:17:y:2017:i:2:d:10.1007_s10754-016-9206-4

Ordering information: This journal article can be ordered from
http://www.springer. ... th/journal/10754/PS2

DOI: 10.1007/s10754-016-9206-4

Access Statistics for this article

International Journal of Health Economics and Management is currently edited by Leemore Dafny, Robert Town, Mark Pauly, David Dranove and Pedro Pita Barros

More articles in International Journal of Health Economics and Management from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().