“HSAs undertapped as way to save for long-term care, retirement needs, survey finds,” by Kathleen Steele Gaivin, McKnights Senior Living
Quote:
“”Health savings accounts are an undertapped source of savings for future long-term care and retirement needs, according to a new Employee Benefit Research Institute / Greenwald Research Consumer Engagement in Health Care Survey. Just 23% of the respondents said they are using such accounts to save for retirement.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
Why don’t more people use this powerful tax-saving tool to save for future LTC costs? The same reason they don’t buy LTC insurance; the government gives away LTC after the insurable even occurs. To make sense of what ails LTC, read the Paragon Health Institute’s “Long-Term Care: The Problem” and “Long-Term Care: The Solution” and watch this “virtual LTC event” featuring age wave visionary Ken Dychtwald and leading LTC researchers. To find ample private funds for LTC, check out “Medicaid’s $100+ Billion Leak.” For what not to do, see “Medi-Cal-amity: California’s Reckless Expansion of Medicaid Long-Term Care to the Affluent.” See also “Better Long-Term Care for Billions Less.” Much more on long-term care here.