Survey: Majority of Americans believe health insurance or Medicare will pay for long-term care
By a
A recent survey conducted online by Harris Poll on behalf of OneAmerica® asked adults how they would pay for assistance with daily living due to illness or injury, either in-home or in a care facility, for an extended period of time (i.e., longer than 90 days). More than half (55%) said they'd use Medicare or health insurance, even though in most cases, neither will pay for long-term assistance with daily activities.
In the survey of 2,065
The results show more education is needed about preparing for the possibility of significant long-term care expenses, said
"Most people may realize they will probably need some level of care as they age, whether it's help in their homes or full-time care in a facility," Coudret said. "But these results show that most people probably don't realize how those expenses can affect the plans they're making for retirement."
OneAmerica has asset-based long-term care solutions, which can help protect retirement income from the drain of unexpected expenses.
With asset-based long-term care protection, premiums are guaranteed, and policies come with a return-of-premium guarantee in case of cancellation.
For more information and scenarios about how long-term care protection can help protect assets, download "Planning for Every Possibility" at www.oneamerica.com/ltcstudies.
1 This survey was conducted online within
Keywords for this news article include: Medicare, OneAmerica, Health Policy,
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