A new statewide survey of California voters suggests that many are woefully unprepared for the costs of long-term care they may need in old age.
Out of more than 1,200 registered voters age 40 and up, 57 percent said they could not afford more than three months of in-home care. One in three said they could not afford the average costs of even one month of such care, according to the University of California at Los Angeles' Center for Health Policy Research and the SCAN Foundation.
The foundation is a nonprofit that develops policies and financing ideas for senior care. The foundation sponsored the survey, which was released Tuesday, along with UCLA's health policy research center.
To view the poll results, click here.
The poll conducted in English and Spanish found that two-thirds of respondents, including majorities of Republican, Democratic and independent voters, feel they are unprepared for potential long-term care costs.
Thirty-five percent of Republicans, 38 percent of Democrats and 26 percent of independents said they couldn't pay for even one month of in-home care, which, if provided by a licensed care aide, currently runs at about $1,700 a month for part-time care.
Forty-three percent of Republicans, 48 percent of Democrats and 33 percent of independents said they couldn't afford even one month of nursing home care, which costs an average of $6,000 a month in California.
"Concern also spans all income levels, including 63 percent of those reporting annual incomes of $75,000 and above," according to the survey.
According to the U.S. Department of Health and Human Services, at least 70 percent of Americans over the age of 65 will need long-term care services at some point in their lives and more than 40 percent will need care in a nursing home for a short period of time.