Financing Long-Term Care: New York's Limited Options and Medicaid's Vast Challenge

Author/Editor: Sarah Samis and Michael Birnbaum


Paying for long-term care remains a major unresolved challenge in New York State and the nation. This new report, written by Sarah Samis and Michael Birnbaum, examines how long-term care is financed nationally and considers the circumstances experienced by many Americans requiring such care. The report also focuses on federal policy, discussing Medicare’s extremely limited coverage of long-term care and the recent enactment and suspension of the CLASS Act.

Delving deeper, the report discusses options in New York, with an analysis of the state’s private long-term care insurance market, opportunities presented by alternative financial products, and the pivotal role of default payer played by Medicaid—which, in 2010, spent over $13 billion on long-term care for the frail elderly and physically disabled.

Copyright: 2012
Published: 06.04.2012




Family Caregiving

Resources for family caregivers and health care providers are available at our Next Step in Care website.

Support the Fund

The Fund's work is made possible by generous contributors like you. Your contribution helps us make a critical difference.