Long-Term Care Awareness and Planning: What Do Americans Want?. Responsibility for LTSS and Financing Reforms

07/30/2015


Attitudes Toward LTC Responsibility

  • Responsibility for LTC
    • 71.2% Strongly Agree/Agree: It is important to plan now for LTC services in the future
    • 11.5%: Own private long-term care insurance policy
    • 58.7% Strongly Agree/Agree: Responsibility of individuals to finance their LTC
    • 17.4% Strongly Agree/Agree: Responsibility of children/family to finance LTC
    • 37.1% Strongly Agree/Agree: Responsibility of government to help pay for LTC

Source: RTI International Analysis of the 2014 Survey of Long-Term Care Planning and Awareness.


Trust of the Government and Insurers

  • Attitude
    • I do not trust government to run an LTC insurance program: 51.1% Strongly Agree/Agree
    • I do not trust private insurers: 32.3% Strongly Agree/Agree

Source: RTI International Analysis of the 2014 Survey of Long-Term Care Planning and Awareness.

 


Government Role in LTC Financing

Government Should % Strongly Agree/Agree
Source: RTI International Analysis of the 2014 Survey of Long-Term Care Planning and Awareness.
Allow LTC insurance purchase with IRAs and 401(k)s 69.1
Offer voluntary, public LTC insurance plan 62.9
Promote LTC through tax incentives 62.4
Pay LTC costs when insurance benefits run out 40.9
Establish mandatory, public LTC program 18.4
Require all people to purchase LTC insurance 15.7

 

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