Testimony Income and Wealth of Older Adults Needing Long-Term Services and Supports
Richard W. Johnson
Display Date
Download Report
(415.26 KB)

In his testimony before the federal Commission on Long-Term Care, Richard Johnson reports that most older adults who receive Medicaid-financed nursing home care have low incomes and very little wealth, both while on the program and for at least a decade before entering a nursing home. These results suggest that efforts to promote individual saving for long-term care may not move many people off Medicaid or reduce program costs because most Medicaid nursing home residents havent had the means to save much.
Research Areas Health and health care Aging and retirement
Tags Economic well-being Medicare and private health insurance Long-term services and support Retirement policy
Policy Centers Income and Benefits Policy Center