Coinsurance has long been a mainstay of major medical health insurance products, even being incorporated into newer long-term-care policy forms. However, a coinsurance option has not been widely offered as a benefit reduction option to offset LTC rate increases. In this article, which appeared in the June issue of Long-Term Care News, we: 

• Estimate the reduction in future claim liabilities if coinsurance were added to the portfolio of benefit reduction options
• Calculate the potential offset electing a coinsurance option could have on the premium rates 
• Explore various considerations that stakeholders should think about when evaluating coinsurance

Read the full article here.