Private Old-age Care Insurance as a Supplemental Source of Finance

The extent of private provision for old-age care depends closely on public offers for care and the way these public activities are financed. Public old age care benefits in cash offer needy persons some financial protection. Public benefits nevertheless do neither fully cover the expenditures on home related old-age care nor the expenditures on nursing homes. This study will analyse the opportunities of private old-age care insurance as a supplementing source of finance.