“Millennials Are Asking About Long-Term Care,” by Brett Stein, ThinkAdvisor

Quote:

“Millennials are starting to draw up wills. Conversations about wills can lead to conversations about old age. Conversations about old age can lead to thoughts about the cost of long-term care.”

 

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

Will Millennials plan for LTC better than Boomers? Not likely as long as the reason Boomers ignored LTC risk and cost remains in place. What reason is that? Government picks up the tab for catastrophic care costs if and when they occur, rewarding consumers for ignoring LTC. Only Medicaid reform can change that. For details see “Long-Term Care: The Problem.” For solutions see “Long-Term Care: The Solution” forthcoming early next year.