We describe the risks faced by the aging population and survey the corresponding insurance markets for these risks. We focus on income risk, health expenditure risk, long-term care expenditure risk, and mortality risk. We also discuss the interactions between social insurance and private...

Copyright; Contents; Acknowledgements; Table of Acronyms; Introduction; Part 1: Principles and practices; Part 2: Microinsurance products and services; Part 3: Microinsurance operations; Part 4: Institutional options; Part 5: The role of other stakeholders; Part 6: Conclusions; Appendix 1 -...

To limit price variations across consumers, the ACA requires that an insurance plan sold on the Health Insurance Marketplaces be uniformly priced across multiple counties within a geographic rating area. However, insurers’ service areas are not regulated by the ACA which could result in...

Half of U.S. 50-year-olds will experience a nursing home (NH) stay before they die, and a sizeable fraction will incur out-of-pocket expenses in excess of $200,000. Given the extent of NH risk, it is surprising that only about 10 percent of individuals over age 62 have private long-term care...