CHICAGO (AP) — Demand for long-term care is expected to increase as the nation ages, but the majority of Americans 40 and older lack confidence in their ability to pay for it.
Despite a hefty price tag for long-term care, an Associated Press-NORC Center for Public Affairs Research survey finds that a third of Americans have done no planning for their own-long term care needs. That planning might include setting aside money to pay for a home aide or to help with daily activities or a room in a nursing home.
Why?
The poll says about 4 in 10 don’t think they will ever need long-term care.
And, the survey found that nearly that many mistakenly expect to turn to Medicare for help, but the program doesn’t pay for long-term care.
