Examination of The Impact of Taiwan Long - Term Care Welfare System on The Commercial Long - Term Insurance

• Main Authors: Yueh-Hsia Tseng, 曾月霞
• Other Authors: Wei-Shan Hu
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/r538a3

碩士 === 中原大學 === 企業管理研究所 === 105 === Along with the aging population and low fertility in Taiwan, various social problems have been incurred, so that Taiwanese Government paid serious attention to the great needs of long-term care welfare for the past years. The long-term care services law has been passed in 2016 and it will be officially established in 2017. However, the general public does not fully realize the contents of long-term care welfare system till now. This study thus, based on the long-term care service law and the long-term care insurance law, examines whether the long-term commercial insurance can supplement the inadequacy of long-term social insurance. This investigation also examines whether the public need to purchase commercial long-term care insurance in addition to the government’s long-term care welfare system. Empirical findings are summarized below: 1. The willing of young generation in Taiwan to buy their own commercial long-term care insurance is very high. 2. However, total amounts of life insurance does not rise in recent years, implying that it will be disadvantage for people’s life insurance planning. This study proposes the following four suggestions: 1. The pension reform should be integrated with the long-term care welfare system. For people who are 65 years old or higher, they should choose one of the long-term care insurance or the pension insurance plan in order to lower the premiums and to prevent moral hazard. 2. During this era of low interest rates, people should enlarge their life insurance coverage to facilitate the risk planning function. 3. Taiwan should follow France to increase the childbirth subsidies and improve fertility in order to solve the root of problem of population aging. 4. The commercial long-term care insurance sales should be combined with services and be regularized by Taiwanese government. Furthermore, the government should provide a gracious tax system to encourage people to buy their own commercial long-term care insurance to compensate for the inadequacy of long-term welfare system.