Distribution of Lifetime Nursing Home Use and of Out-of-Pocket Spending

Published in: Proceedings of the National Academy of Sciences [Epub August 2017]

Posted on RAND.org on August 29, 2017

by Michael D. Hurd, Pierre-Carl Michaud, Susann Rohwedder

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Although it is important to know the annual costs and use of nursing homes, for individuals and households, it is also important to know expected lifetime costs and use of nursing homes; that is, how much they will use nursing homes and how much might spend over their lifetimes. They need this information in deciding how much to save and whether to purchase insurance that will pay for nursing home use. By following individuals over many years as they progress to advanced old age, we estimated how many days individuals will spend in nursing homes and how much they will spend out-of-pocket.

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