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September 20, 2011 at 08:00 PM
California residents are somewhat more likely to say they have thought about private long term care (LTC) insurance now than they were in 1994, but fewer than 10% have LTC coverage.
The California Partnership for Long-Term Care, an arm of the California Department of Health Care Services, has reported that finding in a summary of results from a recent survey of 950 California adults.
The partnership – an organization that encourages California residents to buy private LTC insurance policies that coordinate with California Medicaid benefits – compared the results with results from a similar survey conducted in 1994.
The percentage of survey participants who said they had not bought LTC insurance because they had not thought about it has fallen to 55%, from 66% in 1994, and the percentage who said they think the government will take care of them has fallen to 6%, from 22%.
