Navigation Links
Generation-X Feels Unprepared for Long-Term Care Costs and the Future, Survey Finds
Date:2/11/2009

WASHINGTON, Feb. 11 /PRNewswire-USNewswire/ -- Many members of Generation-X say they feel unprepared for long-term care and do not feel they are taking the necessary steps to prepare for their futures, according to a survey released today by America's Health Insurance Plans (AHIP). The survey, conducted by StrategyOne on behalf of AHIP, found that over half (52 percent) of respondents born between 1960 and 1980 feel somewhat or entirely unprepared for long-term care. They also place more immediate financial concerns ahead of affording long-term care, with 44 percent of respondents ranking the need to save for retirement as their first or second priority.

"As the first group of Generation-X approaches age 50, they begin to think about financial planning for retirement," said AHIP President and CEO Karen Ignagni. "Preserving their financial independence is crucial to members of this generation, and few things can wipe out a lifetime of savings as quickly as the need for long-term care. As you go through your financial planning checklist for mid-life, it is important to consider your long-term care needs when planning for the future and protecting your hard-earned assets."

When looking ahead to the future, many survey respondents correctly believe their chances of needing long-term care services are high, with 68 percent saying they feel it is likely they will need this type of care in the future. About 70 percent of adults who reach age 65 will need some type of long-term care. Yet many are unaware that long-term care insurance can protect their retirement nest eggs and other assets, with 53 percent of respondents saying they are not very or not at all knowledgeable of this coverage.

Generation-X understands the value of planning for their financial futures, but many underestimate the cost of long-term care, with half of respondents estimating the average annual nursing home stay is between $20,000 and 60,000
'/>"/>

SOURCE America's Health Insurance Plans
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Most Baby Boomers are Financially Unprepared for a Potential Disability
2. Health Care Work Force Too Small, Unprepared for Aging Baby Boomers; Higher Pay, More Training, and Changes in Care Delivery Needed to Avert Crisis
3. Long-Term Aspirin Use Seems to Protect Against Colorectal Lesions
4. Sound Inpatient Physicians Expands to Long-Term Acute Care Facilities
5. Raising the Quality of Long-Term Care for Seniors
6. Clostridium difficile Infection in Long-Term Care: Tailored Approaches to Management
7. WellPoint to Reduce Operating Expenses for Continued Long-Term Success
8. Study shows surgery provides good long-term outcomes for patients with gastrointestinal cancers
9. SEIU Decision to Force Transfer of Long-Term Care Members Out of United Healthcare Workers Delayed
10. Economic Downturn Impacting Womens Ability to Plan for Long-Term Care Costs, New Survey Finds
11. Long-Term Care Industry Braces for Implementation of MDS 3.0: HCPro Responds with MDSonlineCentral.com
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/27/2014)... November 27, 2014 HealthPostures, a ... ergonomics equipment , has announced that it has ... Office Environments. The partnership will put HealthPostures' products ... location. , In addition to having its products ... partnership promotes HealthPostures' products with the business decision ...
(Date:11/27/2014)... At The Little Gym, we know ... as no surprise when a recent study confirmed that ... The Journal of Pediatrics found that “Promoting ... during the school years may be important not only ... study monitored two groups of children; those that were ...
(Date:11/27/2014)... New Delhi, India (PRWEB) November 27, 2014 ... internet marketing company, has announced online reputation management ... after doing a comprehensive study about the world of ... Google, Bing, and Yahoo. , Ethane Web Technologies ... project. Instead, it first analyzes the project to reach ...
(Date:11/27/2014)... VeloReality Inc. President Gary Bauer ... Videos (RLVs) of world-famous velo courses for the company's VRide ... other popular indoor velo trainers. Two dozen additional Real Life ... end of November -- in time for the 2014 ... rides in the VeloReality collection to over sixty. , The ...
(Date:11/27/2014)... Serious Buyer, Andrew Hawley from Vintage Rock ... Memorial Coliseum concert posters. Between 1969 and 1977 many ... of Alabama. Jimi Hendrix started the concert series on ... Gary Weinberger who was a freshman at the University ... council was responsible for bringing music acts to the ...
Breaking Medicine News(10 mins):Health News:Ergonomics Manufacturer Announces New Partnership with Office Supply Dealer 2Health News:Ethane Web Technologies Announces Online Reputation Management Service 2Health News:Winter 2015 Weather Forecast Is Warm and Dry For VeloReality Riders With New RLV Offering 2Health News:Winter 2015 Weather Forecast Is Warm and Dry For VeloReality Riders With New RLV Offering 3Health News:Serious Buyer Announces His Search For Vintage 1969 Jimi Hendrix Tuscaloosa Memorial Coliseum Concert Posters 2
... Oct. 22 , Deadline: October 31, 2007 ... American Academy of Allergy, Asthma & Immunology (AAAAI), ... States,representing allergists, asthma specialists, clinical immunologists, allied,health professionals ... research and,treatment of allergic disease, is now accepting ...
... people gathered on,Tuesday, October 9, at The Ritz-Carlton Dearborn ... CATCH Night of Champions. The event,featured a dinner, live ... raised $225,000, with more than $38,000 raised by the ... major supporter of the charity since,1989, and title sponsor ...
... would make all the difference, report finds , , MONDAY, ... could be saved by a coordinated global effort to ... cleaner household fuels in underdeveloped countries, a new study ... the lives of almost 1.5 million children in sub-Saharan ...
... JACKSONVILLE, Fla. − A vaccine that has significantly increased ... multiforme (GBM) − the most common, most aggressive form ... offered through a clinical trial at Mayo Clinic in ... simple approach to treating this cancer, says neurosurgeon Kent ...
... recognize technology innovation for healthcare., CHICAGO and ... Group (MS-HUG) and Microsoft Corp. today,announced a call ... The contest, open to any healthcare organization, recognizes,leadership ... quality and delivery of,healthcare. (Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO ...
... donors increased their charitable contributions to health care,facilities and ... $7.9,billion was substantially lower than the 16 percent rate ... a new "Report on Giving" issued today,by The Association ... eroded and the health care system is,being stressed by ...
Cached Medicine News:Health News:Call for Entries: 2007 AAAAI Annual Samter Journalism Awards 2Health News:Saving Millions of Children's Lives Is Possible 2Health News:Mayo Clinic tests novel vaccine for aggressive brain tumors 2Health News:Call for Entries Announced for 2008 MS-HUG Innovation Awards 2Health News:Call for Entries Announced for 2008 MS-HUG Innovation Awards 3Health News:Philanthropic Giving for Health Care Slows in 2006 in both U.S. and Canada, According to Association for Healthcare Philanthropy's Annual 'Report on Giving' 2Health News:Philanthropic Giving for Health Care Slows in 2006 in both U.S. and Canada, According to Association for Healthcare Philanthropy's Annual 'Report on Giving' 3
(Date:11/26/2014)... 25, 2014  Array BioPharma Inc. (Nasdaq: ... its Chief Executive Officer, Ron Squarer ... conferences.  The public is welcome to participate ... Array BioPharma website:  www.arraybiopharma.com .Event: Piper Jaffray ...  Eastern Time Location: Palace Hotel, New York ...
(Date:11/26/2014)... Nov. 25, 2014 Jazz Pharmaceuticals plc (Nasdaq: ... corporate presentations at two upcoming investor conferences.  , ... on Tuesday, December 2, 2014 at 6:45 a.m. EST ... and head of EUSA International, will provide an overview of the ... Annual Piper Jaffray Healthcare Conference in New York, ...
(Date:11/26/2014)... China , Nov. 26, 2014 / -- China Nepstar Chain ... "Company"), a leading retail drugstore chain in ... operated stores, today announced the appointment of Ms. ... Officer, effective immediately. Ms.Zhang has over ... joined Nepstar in March 1999. Prior to Ms. Zhang,s ...
Breaking Medicine Technology:Jazz Pharmaceuticals Announces Participation in Two Investor Conferences 2China Nepstar Chain Drugstore Appoints Ms. Rebecca Yingnan Zhang as Chief Operating Officer 2China Nepstar Chain Drugstore Appoints Ms. Rebecca Yingnan Zhang as Chief Operating Officer 3
... Cauteries provide a broad selection of ... wide variety of ophthalmic procedures. Each ... complete with a safety cap to ... position when not in use, and ...
... a broad selection of tip styles ... of ophthalmic procedures. Each single use ... a safety cap to lock switch ... not in use, and carries a ...
... Accu-Temp Cauteries provide a broad selection ... a wide variety of ophthalmic procedures. ... sterile, complete with a safety cap ... " position when not in use, ...
... Luminary LASIK Light Probes provide the surgeon ... the corneal interface to be easily visualized ... the Tindal effect and light scatter technique, ... debris, epithelial deposits, flap edge folds, corneal ...
Medicine Products: