Financing Long-Term Services and Supports: Ideas From Singapore

Marcel Bilger, KANG GRAHAM WAN CHEN

Publikation: Wissenschaftliche FachzeitschriftOriginalbeitrag in FachzeitschriftBegutachtung

Abstract

Policy Points:

In Singapore, long‐term services and supports (LTSS) are financed through a mix of public and private sources comprising tiered means‐tested public subsidies and government grants to care providers, charitable donations, voluntary long‐term care insurance, and other private resources.
Singapore's high take‐up rate of voluntary long‐term care insurance is explained by plans offering partial coverage, medical underwriting, early automatic enrollment, direct debit of insurance premiums, and defined cash benefits.
Singapore's experience in long‐term care financing is relevant to the US debate, as it provides policy ideas that may be transferable to the American context.
We recommend maximizing the population's total contribution to voluntary long‐term care insurance by striking the right balance between coverage adequacy and take‐up rate while targeting subsidies to low‐income individuals.
OriginalspracheEnglisch
Seiten (von - bis)358 - 407
FachzeitschriftMilbank Quarterly
Jahrgang95
Ausgabenummer2
DOIs
PublikationsstatusVeröffentlicht - 2017

Zitat