TITLE

Consumer Knowledge of Long-term Care Improving--Sorta

PUB. DATE
September 2002
SOURCE
Journal of Financial Planning;Sep2002, Vol. 15 Issue 9, p30
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents the results of a survey conducted by Field Institute regarding California consumer's knowledge of long-term care as of September 2002. A poll shows that they are becoming more knowledgeable and more willing to use long-term care (LTC) insurance policies--but they still have a long way to go. The poll compared its 1994 study with its 2001 results and found an eight percent decline among those who think long-term care policies are too expensive and a five percent increase in those considering buying an LTC policy. On the other hand, 61 percent still aren't giving LTC insurance a thought, 26 percent think they'll never need long-term care and half believe their chances are less than 25 percent, about 80 percent underestimate or don't know the cost of LTC, and 55 percent believe either their health insurance policy will cover their long-term care needs or they're not sure if it does.
ACCESSION #
7390022

 

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