Why Don't People Plan for Long-Term Care? - Part 3

Reason #3 – Reluctance to face the reality of long-term care needs.

According to the Genworth survey, only 1/3 of adults were “very or extremely confident” in their ability to pay for long-term care.

Yet, while many individuals reported being concerned over leaving family with debt or becoming a burden on loved ones, many do little to alleviate their concern in the way of planning.

In fact, just over 30% of those over the age of 65 reported being concerned with this. And, finally, two-thirds of Americans over the age of 40 reported doing no planning for long-term care.

I hope this information is helpful for you. Although not a popular topic amongst many, long-term care is an increasingly important one. Massih Law, LLC is in the business of providing legal options for people in planning for their potential long-term care needs.

If you, a loved one or a client needs help figuring out their options, please think of us. We can help and we are always happy to hear from you. You can reach us at (203) 651-5521.

Categories: Elder Law, Medicaid