“Most Americans Remain Unprepared For The Possibility Of Extended Care”

“Most Americans Remain Unprepared For The Possibility Of Extended Care,”Advisor Magazine

Quote:  “A new survey from Thrivent reveals a lack of awareness of the critical need to plan for long term care. Access the survey here. … Although the pandemic magnified the impact of long-term care on individuals and their caregivers’ daily lives, more than half of survey respondents (51%) said COVID-19 did not change their approach to extended care planning at all. This is especially concerning when considering the survey’s broader insights, which found that 70% of Americans have not documented their plans for extended care. Overall these survey results reinforce the lack of awareness and the need for additional conversation around this important topic that will statistically affect a majority of Americans and their families.”

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

It’s not surprising that “most Americans remain unprepared” for long-term care. That should be obvious to anyone awake. What’s really surprising is that LTC experts seem to have no clue why that is or what to do about it. For those answers, read Medicaid and Long-Term Care (http://www.centerltc.com/pubs/Medicaid_and_Long-Term_Care.pdf).