WISH Granted: How a National Long-Term Services and Supports Insurance Program Could Boost Retirement Outcomes
After we showed how devastating long-term services and supports (LTSS) can be to retirement income adequacy in our last publication, our new publication analyzes how valuable a proposed legislative initiative may be to some in an attempt to mitigate its impact. The Well-Being Insurance for Seniors to be at Home (or WISH) Act would create a federal insurance program that provides benefits to those with a continual LTSS need beginning after a waiting period that ranges from one to five years, depending on one's income history. In this paper, we analyze the impact of the WISH Act on Gen Z, millennial, and Gen X retirement-income adequacy using the Morningstar Model of US Retirement Outcomes.
Download our paper today
©Morningstar Investment Management LLC. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. Morningstar Retirement offers research- and technology-driven products and services to individuals, workplace retirement plans, and other industry players. Associated advisory services are provided by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc.
The information contained in this document is the proprietary material of Morningstar. Reproduction, transcription, or other use, by any means, in whole or in part, without the prior written consent of Morningstar, is prohibited. Opinions expressed are as of the current date; such opinions are subject to change without notice. Morningstar or its subsidiaries shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions or their use.
This commentary is for informational purposes only. The information, data, analyses, and opinions presented herein do not constitute investment advice, are provided solely for informational purposes and therefore are not an offer to buy or sell a security. Please note that references to specific securities or other investment options within this piece should not be considered an offer (as defined by the Securities and Exchange Act) to purchase or sell that specific investment. The performance data shown represents past performance. Past performance does not guarantee future results. This commentary contains certain forward-looking statements. We use words such as “expects”, “anticipates”, “believes”, “estimates”, “forecasts”, and similar expressions to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially and/or substantially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements for any reason.