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Myth #1: It Won't Happen to Me

• Nearly 40% of working age Americans will need long-term care services ¹

• We’re living longer
 
     Men have a 50% of chance living past 85 years old

     Women have a 50% chance of living past 88 years old

     For couples, at least one person has a 50% chance of living beyond 92 years old ²

• The longer you live, the more likely you are to eventually need long-term care services

Sources:
1 National Alliance for Caregiving in the U.S. and AARP, “Caregiving in the U.S.” April 2004.
2 Transactions of the Society of Actuaries, Annuity 2000 Table for Males and Females.


Common Risks
  1 in 300  House Fire¹
   1 in 30    Auto Accident²
   4
 in 10    Long-Term Care³ 


Sources:
1 National Fire Protection Association, September 2006 and U.S. Census Bureau, “Housing Vacancies and Home Ownership,” 2005.
2 National Center for Statistics and Analysis, ”Traffic Safety Facts, 2003 Data, Washington DC., and U.S. Department of Transportation, Federal Highway Administration,
“Highway Statistics 2003,” Washington, DC: 2004, table DL-1C, available at http://www.fhwa.dot.gov/policy/ohpi/hss/index.htm as of December 1, 2004.
3 National Alliance for Caregiving in the U.S. and AARP, “Caregiving in the U.S.” April 2004.

 

 


Myth #2: I'm Already Covered

Which were designed to cover long-term care services?

                                                                YES          NO
 
Medical Insurance                                                                  √

  Managed Care                                                                        √

 Disability Income Insurance                                               √
                                
  Medicare                                                                                
√
  Medicare Supplement                                                            
√
  Long-Term Care Insurance                             
√

  
                                                                                            





Myth #3: Care Received in a Nursing Home is My Only Option

The majority of long-term care recipients live in their homes and receive long-term care in their homes.



Source: Freidland, R, Caregivers and long-term care needs in the 21st century: Will public policy meet the challenge?, Georgetown University Long-Term Care Financing Project, July 2004.




 
 

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