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Article
How Retirees Pay for Current Health Care and Future Long-Term Care Expenses
Journal of Financial Service Professionals (2011)
  • Salter John, Texas Tech University
  • Nathan Harness
  • Swarn Chatterjee, University of Georgia
Abstract

ABSTRACT This study explores the methods used by retirees with moderate to high investable assets to cover current health care needs and expected long term care costs. Results indicate that former employer plans and Medicare are common for covering current health care needs and few retirees have no coverage. Self-insuring and long-term care policies were common plans to cover long-term care costs, while many planned to spend down assets to qualify for Medicaid or had not even thought about how to pay for these costs.

Keywords
  • Retirement Planning,
  • Risk Management,
  • Financial Planning,
  • Financial Decisions
Publication Date
2011
Citation Information
Salter John, Nathan Harness and Swarn Chatterjee. "How Retirees Pay for Current Health Care and Future Long-Term Care Expenses" Journal of Financial Service Professionals Vol. 65 Iss. 1 (2011)
Available at: http://works.bepress.com/swarn_chatterjee/9/