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

Christophe Courbage, Cornel Oros and Jean-Marc Bascans
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Christophe Courbage: The Geneva Association
Jean-Marc Bascans: CRIEF [Poitiers] - Centre de recherche sur l'intégration économique et financière - UP - Université de Poitiers = University of Poitiers

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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)
Date: 2017
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Citations: View citations in EconPapers (3)

Published in International Journal of Health Economics and Management, 2017, ⟨10.1007/s10754-016-9206-4⟩

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Journal Article: Means-tested public support and the interaction between long-term care insurance and informal care (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01434339

DOI: 10.1007/s10754-016-9206-4

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