Insurance designed for older individuals differs from the types typically associated with earlier phases of life. These policies tend to emphasize peace of mind over wealth accumulation.
The proposed 'asset test' would require Medi-Cal and In-Home Supportive Services applicants to prove their assets do not exceed $2,000, potentially leaving many without health coverage.
Across our data, we have seen how small businesses manage with limited resources, suggesting that they often have to make difficult tradeoffs. Increasing health care costs can have that effect - we saw that the firms with the largest health insurance burden increases were the most likely to drop coverage.