HGC, an Aging-In-Place research and product development company based in Connecticut partnered with non-profit Arctos Foundation to survey Americans’ preparedness for long term care.
Key findings:
- 70% of respondents have no advance directive in place, and just one in ten have long-term care insurance.
- Most respondents have not spoken with a family member or loved one about wishes for Long Term Care.
- Those with a spouse or partner are more likely to expect a need for long-term care services and supports, but are no more likely to have long-term care insurance in place.
Source: Independent Research | HCG Secure
To help families understand and discuss the issues surrounding planning for long term care, we have two excellent flipbooks on the topic of Essential Estate Planning, and Understanding Long Term Care.