In Medicare, Allstate Finds
Baby boomers are largely pessimistic about the chances the federal government will make the changes needed in the Medicare program to provide them with adequate health care after they retire, a new study by Allstate finds.
Allstate found that 65% of boomers disagree with the statement that the federal government will make necessary changes in Medicare to ensure their health care needs in retirement are met.
What Your Peers Are Reading
Generation-Xers in the survey registered similar pessimism, with 67% disagreeing with the statement.
Agents and brokers selling long term care insurance policies might wonder when all that uncertainty is going to lead to more sales.
Linda Clark, who heads Secure Life Strategies, Hinsdale, Ill., is among them.
“You still find people who just dont think its going to happen to them,” says Clark. “The nursing home is what happens to someone else, not them. Unfortunately, when they get older, theyll find they can experience it, too.”