By Elliot Raphaelson
The Center for Retirement Research at Boston College (CRR) regularly reports on the needs of older Americans, including healthcare and long-term care. In this column, I’ll discuss some findings of a CRR research brief titled, “Who will have unmet long-term care needs and how does Medicaid help?”
The brief states that 25 percent of 65-year-olds will have severe needs related to long-term care that their assets and income will not meet. The Medicaid program, administered at the state level, can help. But even with Medicaid support, a significant minority will still face a varying degree of unmet needs….