As long-term care insurers abandon the marketplace, what other options will appear?

Abstract

Less than 20 years ago there were more than 100 major insurance companies selling long-term care insurance (LTCi). Today there are less than 30. Home care providers stood to be one of the primary recipients of LTCi payments for their services, but there's a paradox at work. Just as the baby boomers started turning 65 at a pace of 10,000 per day, the LTCi market is shrinking instead of "booming."