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Research Studies is a compilation of published research articles funded by AHRQ or authored by AHRQ researchers.
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1 to 1 of 1 Research Studies DisplayedMcGarry BE, Temkin-Greener H, Chapman BP
The impact of consumer numeracy on the purchase of long-term care insurance.
The researchers sought to determine the effect of consumers' numeric abilities on the likelihood of owning private long-term care insurance (LTCI). Using the 2010 wave of the Health and Retirement Study, they found that each additional correct answer on a numeracy scale was associated with a 13% increase in the likelihood of holding LTCI. They recommended that policy efforts aimed at increasing consumer decision support or restructuring the marketplace for long-term care insurance may be needed to increase older adults' ability to prepare for future long-term care expenses.
AHRQ-funded; HS023714.
Citation: McGarry BE, Temkin-Greener H, Chapman BP .
The impact of consumer numeracy on the purchase of long-term care insurance.
Health Serv Res 2016 Aug;51(4):1612-31. doi: 10.1111/1475-6773.12439.
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Keywords: Education: Patient and Caregiver, Healthcare Costs, Health Insurance, Long-Term Care