The importance of LTC insurance for the retirement security of the baby boomers.
Any discussion about the prospects of retirement security for the baby boomers must take into account the potentially devastating costs of future long-term care (LTC) services. Although the market for LTC insurance is growing, baby boomers' misperceptions about LTC persist, and the market for LTC insurance must be expanded. The author presents analysis showing that LTC insurance is affordable for the majority of workers, describes the current state of employer-sponsored LTC insurancebenefits and outlines policies to encourage LTC insurance.