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Older Californians Not Ready For LTC: Study

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Few Californians are prepared for the cost of long term care.

Two-thirds of California voters ages 40 and older said they worry about how they will pay for long term care for themselves or their family members, according to the SCAN Foundation and the Center for Health Policy Research at the University of California at Los Angeles.

The foundation and the research center commissioned a survey of 1,200 California registered voters.

About 59% of the Republicans, 63% of the independents and 72% of the Democrats who participated said they worry about being able to afford long term care, the researchers report.

Only 15% percent of the voters said they have LTC insurance, and 42% said they could not afford to pay for even 1 month of nursing home care. Similarly, 33% said they could not pay for even 1 month of home care.

Other survey findings:

- 95% said it is important to have affordable LTC options available so that older people can avoid going into nursing homes.

- 66% said ensuring LTC options are available should be a high priority for state elected officials, and 50% of the Republicans, 66% of the independents and 76% of the Democrats reported holding that position.


Want more?

Please see Caregiving Inflicts Heavy Toll On Boomers: Hartford and Genworth: Few Financial Advisors Talk About LTC


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