“Employees with higher incomes, education levels more likely to anticipate need for long-term care,” by Kathleen Steele Gaivin, McKnights Senior Living
“Employees with higher incomes and education levels are more likely than others to anticipate needing long-term care in the future, according to an issue brief published by the Employee Benefit Research Institute. The Employee Long-Term Care Survey, fielded late last year, questioned 2,445 workers aged 20 to 74 regarding their awareness of, access to and perspectives on long-term care financing. ‘A significant share of employees either said they expect to need long-term care or had caregiving experience, yet awareness, planning and benefit take-up remained low, with many workers underestimating costs, unsure how to access services, and mistakenly expecting Medicare or Medicaid to cover future care,’ according to the brief.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
Not exactly hot news as we’ve known this for decades. But it’s good to know EBRI is thinking about LTC. Still: ”mistakenly expecting … Medicaid to cover future care”? What’s mistaken about that? Medicaid has been the dominant funder of catastrophic LTC costs since 1965. EBRI is apparently clueless about how easy it is for middle class and affluent people to qualify for Medicaid LTC.