Observation of Long-term Care Insurance Policy in China: Compare Long-term Care Insurance Policies in the Japan

Based on China’s 2011 demographic census, individuals aged 60 and above constitute approximately 13.26% of the national population, while those aged 65 and older account for about 8.87%. In the coming years, China will encounter significant challenges related to elderly care. Concurrently, this occurs within the context of ongoing socio-economic development. The policy, law and implementation effects of Insurance for long-term care in China and Japan. This article will use literature analysis to compare the long-term care insurance (LTCI) policies of China and Japan, and analyze the current situation of LTCI in China as well as the challenges it faces. This paper reveals that the aging degree of Chinese society is gradually increasing and is expected to reach a peak around 2060. Although the existing LTCI system in China has increased the sources of funds in terms of financing channels, it still faces problems such as the widening wealth disparity and the incapacity to standardize the LTCI market. Compared with China, Japan’s system is more complete, simple and clear. Learning from Japan‘s LTCI financing model and nursing standards system will assist China in effectively addressing future aging challenges and alleviating the pressure on social pension systems.