Preferences for LTC Financing


It is important to plan now for the possibility of needing LTC services in the future.

Preferences for LTC Financing. It is important to plan


It is important to plan now for the possibility of needing LTC services in the future.

%, Strongly Agree/Agree
It is important to plan now for the possibility of needing LTC services in the future71,2
Other28,8

Responsibility for LTC

Preferences for LTC Financing. Responsibility for LTC


Responsibility for LTC

Responsibility for LTC%, Strongly Agree/Agree
Responsibility of individuals to finance their LTC58.7
Responsibility of children/family to finance LTC17.4
If family members can no longer pay, relatives should help20.3
Responsibility of government to help pay for LTC37.1

Government involvement with LTC financing

Preferences for LTC Financing. Government involvement with LTC financing


Government involvement with LTC financing

Government involvement with LTC financing %, Strongly Agree/Agree
Government should promote LTC insurance through taxes62.4
Government should allow LTC purchase with IRAs* and 401(k)s69.1
Government should require all people to purchase LTC insurance15.7
Government should pay LTC costs when insurance benefits run out40.9
Government should offer voluntary, public LTC insurance plan 62.9
Government should establish mandatory, public LTC program18.4

Personal involvement with LTC financing

Preferences for LTC Financing. Personal involvement with LTC financing


Personal involvement with LTC financing

Personal involvement with LTC financing %, Strongly Agree/Agree
Everyone should have LTC insurance and a mandatory, public program is the way to accomplish that19.5
Everyone should have LTC insurance, but private companies should provide the insurance23.2
Requiring people to buy LTC insurance is OK, if price is not too high40.5
Knowing that I have some LTC insurance will give me peace of mind66.4
Paying for LTC is individual responsibility, not government46.6
Government should not tell me what to do about LTC insurance62.7
I have other priorities for my money than buying LTC insurance44.4
I do not trust government to run a LTC insurance program51.1
I do not trust private insurers32.3
I don't think I will need LTC so I don't need insurance11.6

Own private long-term care insurance policy

Preferences for LTC Financing. Own private long-term care insurance policy


Own private long-term care insurance policy

%, Strongly Agree/Agree
Own private long-term care insurance policy 11,5
Other88.5

NOTES:

*IRA = Individual Retirement Account

All results are presented weighted.

SOURCE: RTI analysis of the 2014 ASPE Long-Term Care Awareness and Planning Survey