According to a new survey of Americans age 40 and older, two-thirds of older Americans feel that neither they nor the country are prepared for the long-term health care needs that accompany the rapidly growing older adult population.
The study from The Associated Press-NORC Center for Public Affairs Research, indicates 67% of older Americans had done little or no planning for long-term care. Many believe individuals should cover some costs of long-term care, but few want families to bear the burden. A majority erroneously expect to be able to rely on Medicare to cover their long-term care needs.
The confusion about Medicare as it relates to home health care suggests that most seniors will require assistance for long term care that Medicare and government programs will not provide.