Tag: risk of long-term care
People are really confused. We’ve embarked on a host of studies about long-term care. One component of that effort is to assess the public’s understanding of how these costs are financed. A bunch of surveys over the last 10 years indicate that people are confused; most think that Medicare plays a major role. In fact,…
The brief’s key findings are: Long-term care is expensive, but only 13 percent of single individuals over 65 have long-term care insurance. Previous models of care usage appear to understate the risk of going into care and overstate the duration of care for those who require it. If long-term care is a more likely, but…