Private companies and California agencies may be succeeding at educating Golden State residents about the need to prepare for long term care costs.
The California Partnership for Long-Term Care made that argument today in a summary of survey data gathered by an outside polling firm.
The latest survey, conducted in 2005, found that the percentage of California residents who expect the state to pay LTC costs fell to 6.9% in 2005, from 22% in 1994, according to the California Partnership.
About 60% of state residents also understand that ordinary health insurance excludes coverage for long term care.
Unfortunately, roughly 40% of state residents still do believe that health insurers will pay for their long term care, the California Partnership notes.