An AARP survey report released last month shows that nearly 30 percent of older Vermonters list long-term care affordability as the top concern they think state government should address, followed by the cost of health care in general.
Over half of the respondents stated that they are expecting Medicare or Medicaid to finance some of their long-term care costs. However, Medicare does not actually cover these costs, and Vermont Medicaid covers home and community based or nursing home care only for those financially eligibility. Some 36 percent of AARP members said they plan to use personal and retirement savings to fund care, while a quarter (24 percent) expects to use part of the proceeds from the sale of their home to pay for needed care. In addition, as many as 65 percent of those surveyed said they would prefer to receive long-term care services at home.
AARP's Vermont membership is reflective of the state's aging population as a whole.
The telephone survey of age 50-plus AARP members was completed in January. The survey also addressed transportation, access to health care services/providers, affordable housing and economic security concerns.
The full report is available online at AARP Vermont Member Survey or by calling 802-951-1303.