Study shows fewer seniors own LTC insurance than they believe

Share this article:

Almost one-third of the elderly believe they own long-term care coverage, when in fact fewer than 10% of seniors eligible for the insurance actually own it, according to a recent nationwide study by Bankers Life & Casualty Co.

Furthermore, about 60% of elderly surveyed said they believe Medicare will cover long-term care costs, but Medicare covers only 100 days of skilled care following hospitalization.

Ultimately, the study concluded that both seniors and their adult children are confused and mistaken about the long-term care coverage they might receive from Medicare.

Share this article:

More in News

Antipsychotics reduction goal raised to 30% by end of 2016, CMS and provider groups announce

Antipsychotics reduction goal raised to 30% by end ...

Long-term care providers are being asked to reduce the use of antipsychotic medications among residents by 25% by the end of 2015, and 30% by the end of 2016. Providers ...

CDC issues new guidelines on pneumococcal vaccine, says LTC flu vaccination rates remain low

CDC issues new guidelines on pneumococcal vaccine, says ...

Long-term care workers continued to have low rates of flu vaccination last season, despite there being 92% vaccination coverage overall among physicians and nurses, the Centers for Disease Control and ...

AL operators accused of withholding $2M in unpaid overtime, minimum wages ...

Four California assisted living operators are facing eight felony charges related to wage theft, tax and insurance violations, according to local reports.