Most Americans Aware of LTC’s Importance, but Few Have Started Preparing
About 91% of Americans believe that long-term care planning is crucial, but just 45% have actually given thought to planning for their long-term care (LTC) needs, Transamerica's Extended Care Report found. When it comes to LTC, cost was a significant consideration for 75% of survey participants. Around| 45% of respondents said they plan to use insurance to pay for extended care, although just 22% said they actually have insurance to cover those costs.
Read the full article on Insurance News Net