Congress began trying to provide old-age insurancefor something close to 100% of the population as early as 1939, before the first Social Security benefits were paid.
Then there is Medifund, a safety-net program for the bottom 10 percent of income earners, and Eldershield, a private insurance program for long-term care for those with old age-related disabilities.
He also recommends that single people, who may not have family who could care for them in oldage, to seriously consider long-term care insurance as well.