Medical care requirements will substantially increase as the US population ages.This will stretch the financing capabilities of our present health care delivery system. New financing strategies are needed to pay for the long-term medical and custodial needs of an aging population of service recipients. This study examines the perceptions of employers and employees regarding the nature and scope of long-term care (LTC) insurance. It will also identify factors associated with the provision and purchase of LTC insurance. A survey will be conducted of 100 businesses in Central Florida selected on a stratified random basis using a mailing list supplied by the local Chamber of Commerce. Respondents shall include CEOs, vice presidents, administrative personnel, line managers and full time staff. Data collection will involve a short questionnaire designed to assess levels understanding, perceptions of need and factors associated with the provision and purchase of LTC coverage. Both descriptive and inferential statistical analyses will be conducted to measure the relationships indicated by the data. The results of this study will significantly contribute to the development of cost-effective strategies designed to bridge the gaps between awareness, need and availability of coverage.
Learning Objectives: At the end of the presentation, participants should be able to 1. Identify the different types of long-term care coverage products; 2. Describe various employer and employee perceptions of long term care insurance; 3. Identfy at least two factors associated with the provision and purchase of long-term care insurance
Presenting author's disclosure statement:
Organization/institution whose products or services will be discussed: University of Central Florida
I have a significant financial interest/arrangement or affiliation with any organization/institution whose products or services are being discussed in this session.
Relationship: Employed and sponsored by the University of Central Florida