Public Health

Retirees Not Realistic in Planning for Possibility of Long-Term Care

1 Mins read
Getty Images, Rosemary Calver      

In a recent survey from the Society of Actuaries respondents were asked about the changing nature of healthcare delivery and the ability to pay for long-term care. Though 93% said that pursuing a healthy lifestyle is their primary risk-management strategy, the report suggests that this is their ideal view not the realistic one. 

Only 32% of retirees and 20% of pre-retirees said they have begun saving for the possibility of needing long-term care. Less than half—46%—of retirees say they are worried about not being able to afford a nursing home stay. When it comes to planning for major financial decisions, 80% of people do not look more than 20 years ahead, according to the report. Only 5% plan past their lifetime. 

More information on the report is available at the Society of Actuaries website.

Related posts
Health carePolicy & LawPublic HealthUncategorized

How Personal Injury Lawsuits Can Affect Your Relationship

3 Mins read
Accidents happen at the most unexpected time and place. When it does, victims suffer a personal injury that can have a long-lasting…
Covid-19Health careHospital AdministrationNursingPublic Health

The Future Of Nursing In A Post-Pandemic World

3 Mins read
Right now, it feels like life and work will never be the same again. Public spaces are severely restricted, lots of people…
Health carePublic Health

3 Important Tips To Reduce Health Insurance Costs

3 Mins read
Are you looking for ways to reduce your health insurance costs? Take a look at Medicare Advantage Plans 2021. Here are some…