Life Care at Home: a new model for financing and delivering long-term care.

In this paper we describe the Life Care at Home (LCAH) concept, a new long-term care insurance and service delivery model that combines the financial and health security of a continuing care retirement community (CCRC) with the freedom and independence of living at home. LCAH retains risk pooling for long-term care and provides other benefits and guarantees of CCRCs, including unlimited nursing home care. Because subscribers live in their own homes as long as they can, LCAH costs are substantially lower than those of CCRCs and more individuals can participate. Our market research indicates that LCAH has strong appeal among the elderly. We suggest that LCAH has a market potential of 10% to 25% of all elderly.