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June 15, 2012 at 07:04 AM
More than half of Idaho residents ages 50 and older think they’ll pay for long-term care (LTC) with money from a program that usually does not pay for LTC.
Researchers at the Boise State University Center for the Study of Aging have published that finding in a needs assessment survey report prepared for the Idaho Commission on Aging.
The researchers conducted a statewide survey of individuals ages 50 and older by mailing survey forms and giving forms to diners at several meal sites run by Idaho agencies that help the elderly. The researchers received 814 responses.
| How Will Idaho Residents Pay for LTC? | |
| Medicare | 51% |
| LTCI | 16% |
| Medicaid | 6% |
| Other | 27% |
| Source: Boise State University Center for the Study of Aging | |
About 21% of all survey participants and 24% of the participants ages 66 and older said they have long-term care insurance (LTCI), but only 16% of the participants said they expected to pay for LTC with LTCI coverage.
A majority — 51% — said they expect Medicare to pay for any LTC they need.
The survey report might have overstated the percentage of participants own private LTCI coverage.
The researchers stated in the survey that LTCI is insurance that pays for long-term care services such as nursing home and home care.
