Putting Long-Term Care on the Radar Screen

Anthes, William L.; Lee, Shelley A.
September 2001
Journal of Financial Planning;Sep2001, Vol. 14 Issue 9, p130
Academic Journal
This article focuses on challenges surrounding long-term care planning in the U.S. A number of barriers faced financial planners to motivate individuals to plan for their health care. Among them is the perception and attitude of consumers toward long-term care. Most practice the wait and see approach wherein they wait for another ten years or so to invest on long-term care policy. Another barrier is the lack of information and knowledge about the risks, costs and options of care. A lack of well-trained professionals also poses a significant barrier. Even experienced planners ignore long-term care component in planning because they are also not knowledgeable about it. Another thing is the sense of government entitlement that many individuals assumed: that since they paid taxes, they deserve government support in terms of medical care.


Related Articles

  • Long-Term Care Due Diligence for Professional Financial Advisors. Moses, Stephen A. // Journal of Financial Planning;Sep2001, Vol. 14 Issue 9, p158 

    This article focuses on the roles of financial planners in long-term care planning. Advisors must practice professional diligence in the field of long-term care. Such would require advisors to: (1) understand the consequence of failure to save, invest or insure for long-term care; (2) advise...

  • Beyond prescription benefits management: The systems... Thomas, Norrie; Larson, Lon N. // Employee Benefits Journal;Mar1996, Vol. 21 Issue 1, p2 

    Evaluates the system approach to patient and pharmaceutical care. Migration of system approach from component to integral model; Cost of evaluation; Development of pharmaceutical care; Need to improve overall patient lives and health; Components of pharmacy benefits; Practice guidelines.

  • Long-term care meets managed care. Scott, Joy // Nursing Homes: Long Term Care Management;Nov/Dec93, Vol. 42 Issue 9, p10 

    Presents perspectives on the expectations of managed care organizations from long-term and subacute care providers and vice-versa. Ingredients for a successful partnership between MCOs and long-term care providers.

  • Planning for long-term medical care is prudent. Sahota, Paul // Business Journal Serving Fresno & the Central San Joaquin Valley;11/29/2002, Issue 323014, p16 

    Analyzes the prudence of planning for long-term medical care in the U.S. Prediction of increase in number of elderly Americans by 2005; Information on available professional care options for the aged; Financial effects of availing the long-term care for older people.

  • Advisers fear LTC hold-up as Lamb says 'no rush'. Dale, Samuel // Money Marketing;9/17/2012, p5 

    The article reports on advisers' concern regarding the statement of new care services minister Norman Lamb that he is not rushing to push ahead with reforms in long-term care (LTC) funding. The Commission on Funding of Care and Support, led by its chairman Andrew Dilnot, proposed a cap of 35,000...

  • Guiding Your Clients Through the Long-Term Care Maze. Opiela, Nancy // Journal of Financial Planning;Jun2003, Vol. 16 Issue 6, p34 

    This article offers several strategies for financial planners in the U.S. to deal with issues on long-term care. Networking is essential to planners looking to help clients with long-term care decisions which depend on trust and relationships. Pennsylvania-based Legend Financial works with a...

  • Life Planning and Retirement Planning: Where Do They Intersect? Timmermann, Sandra // Journal of Financial Service Professionals;Jan2016, Vol. 70 Issue 1, p33 

    Should an advisor become a life planner? That depends on individual preferences and clients' needs, but more and more, advisors are taking on some aspects of life planning, and forming partnerships for others. Becoming familiar with the nine elements of life planning will provide insights into...

  • Finding the Funds for Long-term Care. Saville, Anita // Journal of Financial Planning;Aug1996, Vol. 9 Issue 4, p40 

    The article focuses on accumulating funds for long term care. Planning for long-term care is again at a crossroads. The financial planning community already faces significant challenges in helping clients fund expenses for long-term care. Changing demographics have boosted the number of elderly...

  • A sense of urgency is needed. Raphael, Carol // Modern Healthcare;7/21/2008, Vol. 38 Issue 29, p24 

    The author comments on the failure of the U.S. government to treat long-term care with urgency and that few people are adequately planning for old age. She believes on the need to achieve agreement on quality standards and metrics in home-and community-based care, including what patient outcomes...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics