Research On The Payment Level Of The Long-term Care Insurance In Shanghai

Population aging is the inevitable trend of social development, as a worldwideproblem has drawn worldwide attention and concern. With the improved of medicaltechnology caused by the economic development, the number of elderly increases,spectrum of disease changes from infectious to chronic, family structure turns to small size,the proportion of elderly in need of care rises. Because of the limited income elderlypeople can not afford the high care costs, and ultimately affect the health of the elderly andrehabilitation, resulting in a heavy family burden, and don’t conducive to social harmonyand progress, social stability and peace. Long-term care insurance is a new insurance tosolve the problem of elderly care, this article intends to undertake a study on long-termcare insurance to determine a reasonable payment level, to protect the elderly care can bemet, and don’t cause care resources waste.This artical introduces the necessity to establish long-term care insurance in thebackground of the serious phenomenon of aging currently through smaller family structure,lack of care staff, a higher morbidity of chronic diseases, lack of care resources, expensivecare in Shanghai. The atical accords questionnaires, field visits, etc., to understand theeconomic burden of long-term care for the elderly in Shanghai, finds that the financialburden of long-term care is beyond the ability of the elderly to pay, resulting in manyelderly people’s long-term care needs can’t be met, the physical can’t achieve recovery ormaintain the present situation.Based on the preceding financial burden study of long-term care, the internationalgeneric solution is to build long-term care insurance system. The article establishes the payment model of long-term care insurance based on personal account balance by theactuarial principles to estimate the payment level of long-term care insurance. The articleelaborates the related content of long-term care insurance, including the principle ofpayment, payment object, payment conditions, payment method, payment processes, etc.In addition, the article analyses the moderation of the payment level of long-term careinsurance from the micro and macro perspective, and finds that the payment level is9079yuan per year when the premium begins from40years old and the premium rate is1.95%drawed from German can not only ease the financial burden of long-term care, mobilizethe enthusiasm of the insured person and the company, avoid the nursing resources’wasteness but also conform to the economic development needs.