New poll shows most in denial about Long-Term Care

It’s a fact: Americans don’t want to think about Long-Term Care.

According to an AARP poll by the Public Policy Institute, Americans fail to understand that employer, private health insurance and Medicare do not cover the extraordinarily high costs of Long-Term Care.

I mean, how much clearer can things get? We’re talking about nursing homes, hospice care, assisted living, home health care … almost none of this is covered and almost all of us will need some of it during our lifetimes.

So what’s going on here? Aren’t people listening?  Apparently not, the Public Policy Institute poll found.  When people 40 and older were asked how they were preparing for the reality of aging, two thirds said they’d done “little to no” planning for long-term care. Three in ten admitted they would “rather not think about getting older” at all. Some were hoping their families will step in and care for them.

Here’s the reality: You may be lucky enough to be part of a very close-knit family. That doesn’t mean they — or you — understand the full extent of what that care-giving will entail.

No surprise: Those who had already experienced providing care to an older family member – as I have – when questioned in the poll, were less apt to say they would rely on their families.  Like me, they’d seen how difficult it can be to provide long-term care services without professional help.

Long-Term Care is no Do-It-Yourself proposition. Making sure you have the financial power to ensure that you and your family members can have the right kind of help at the right time is what Long-Term Care insurance planning is all about.

Want to know more? Click HERE for related articles about Long-Term Care Insurance.

~ Elise

 

Long-Term Care insurance = being prepared for the future

Many of us think that if we have life insurance, Living Will, employer health insurance or private health, or Medicare, we’re all set. But unfortunately, that’s just not the case. I’ve seen what unexpected health crises can do when there hasn’t been forethought and planning, and it’s not pretty. In this regard, my insurance CLTC certification and training are important, but just as important is my 25 years of experience.

Because I know what CAN happen, I know how to protect you from as many potential problems as possible. As the co-founder of Your LTC Resource, my job is to assure that singles, couples and families are protected in as many ways as possible when it comes to their future healthcare needs.

That phrase “as many ways as possible” is incredibly important. We can’t know what our future mental or physical health will be. That’s why we need to have Long-Term Care insurance that is flexible as well as responsible.

Being flexible means both Long-Term and Short-Term Care insurance. It means taking a good look at your present health insurance policies, and finding the gaps. The more planning we do, the better prepared you’ll be for every health and financial contingency.

When you do our Long-Term Care planning homework, the payoff in your future is well worth the time.

~ Elise