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Drivers and barriers to long-term care

2024 long-term care consumer study

What prompts Americans to plan for long-term care?

  • 52%

    Peace of mind

  • 46%

    Protect their finances or retirement planning

    from an LTC event

  • 46%

    Ensure they receive adequate care

  • 46%

    Remove the burden from their family

What keeps Americans from making a plan for long-term care?

55%

Cost of LTC

protection

 

 

31%

Medical and support

costs associated

with LTC need

30%

Competing financial

priorities

 

27%

Lack of information

about care options

Woman at computer

Across all age groups surveyed, Americans age 60 and older are 77% more likely to cite cost as a barrier to purchasing LTC protection.

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