# Long-term Care Insurance
Latest news and articles about Long-term Care Insurance
Total: 2 articles found
China’s Silver Tsunami: Beijing Institutionalizes Care for its Rapidly Aging Millions
China has launched a national implementation plan to establish a comprehensive long-term care insurance system within three years to support its aging population. The scheme will be funded by a mix of payroll contributions, individual premiums, and government subsidies, providing coverage for 50% to 70% of nursing costs for disabled citizens.
The Sixth Pillar: China Formalizes Socialized Care to Combat an Aging Crisis
China has officially established Long-term Care Insurance as the 'sixth insurance' pillar to manage the financial burden of its 45 million disabled and elderly citizens. This move is part of a broader strategic overhaul in the 15th Five-Year Plan aimed at stabilizing the country's demographic structure through socialized care and aggressive birth support.