This book provides the reader with a basic understanding of long-term care - what it is and what it is not, who needs it, who provides it, and the traditional ways of financing it. The text also describes a new product developed by the insurance industry to help people effectively plan for the potential costs of long-term care. There is a brief discussion of the early development of this product, its current status as it continues to grow and change to meet the needs of the consumer, and the regulations that govern it. Finally, there is a discussion of how consumers have reacted to the potential need for long-term care and its cost.
Chapter authors all have extensive experience in the health insurance industry, and bring a practical, real-world perspective to their treatment of the subject.