Californians are better informed about long-term care issues than at any other time in the last 17 years. However, but fewer than ever are taking steps to prepare for the need for long-term care, according to a poll commissioned by the Dept. of Healthcare Services’ (DHCS) California Partnership for Long-Term Care.
While Californians are three-times more knowledgeable about LTC costs than at any time since polling began, less than 10% of California seniors have long-term care insurance policies. The following chart lists reasons people give for not purchasing LTC in 1994
companies 2011 1994
59% 60% Policies cost too much
55% 66% Haven’t thought about it
32% 29% Family assets and income will cover long-term care
29% 44% Insurance companies cannot be trusted
28% 26% I will probably never need it
25% 24% Family will take care of me if I need it
21% 27% Too confusing and complicated
19% 28% Existing policies don’t meet my needs
6% 22% Government will take care of me
This question was only asked in 2011 and 2005)
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