John H. Guinan, MBA CLTC
ACSIA Partners LLC

It’s Easier to Plan for Long-Term Care if We Face Our Personal Concerns First, John Guinan of ACSIA Partners LLC Says

Guinan points to a federal survey: After participants grappled with their care concerns, they had no trouble answering questions about action options.

AgentMendota Heights, MN July 18, 2017 -- Last year the U.S. Department of Health & Human Services issued a report about Americans’ concerns and actions related to long-term care (LTC), also referred to as long-term services and supports (LTSS). “The main takeaway was not the particulars of the responses, in our view,” says John Guinan of ACSIA Partners LLC. “It was the fact that participants considered and faced the issues.”

In the HHS survey, 15,298 non-institutionalized Americans aged 40-70, a statistically-significant sample of the age group, answered seven questions about long-term care personal concerns and ten questions about long-term care actions.

CONCERNS: What is your degree of concern about –

  1. Losing independence
  2. Being a burden on your family
  3. Losing control and choice over LTC you might need
  4. Being unable to afford high-quality care
  5. Using up savings/income to pay for nursing home care/services
  6. Becoming poor and having to rely on Medicaid
  7. Being unable to depend on family/friends for care

ACTIONS: What is your degree of willingness to –

  1. Have family/friend move in
  2. Move in with children/family/friend
  3. Rely on spouse/family/friend
  4. Attend adult day care
  5. Hire aide or agency for care
  6. Hire live-in caregiver
  7. Move into assisted living facility
  8. Move into nursing home
  9. Make modifications to home
  10. Use value in home to pay for care

Key Findings:

The report concludes, “These findings highlight the need for increased education on the … choices and financing options.”

Guinan agrees, and believes the survey itself opened the eyes of the 15,298 participants, “by provoking introspection and analysis.”

“All Americans would benefit from considering such questions,” Guinan adds. “First the personal concerns, which are often hidden, then the action options.”

ACSIA Partners LLC has long-term care specialists in all parts of the country. “Part of our job is to ask the right questions and invoke the right thinking,” says Guinan. “We’re glad to talk with consumers and business executives about any and all care-related concerns and actions, financial and otherwise.”

Additional information is available from Guinan at john.guinan@acsiapartners.com, http://www.jguinanltc.com or 651-646-2200.

John H. Guinan, MBA CLTC is a leading long-term care agent serving consumers and organizations in IA, IL, MN, ND, SD, WI, with colleagues covering all other parts of the country.

In California the company is known as xACSIA Partners Insurance Agency; in other states, as ACSIA Partners.

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