40 million Americans provided care to elderly last year – new report

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Last year, just under 40 million Americans provided care to an elderly
spouse, family member, neighbor or friend, making up 16 percent of the
U.S. noninstitutional population age 15 and over.

According to analysis of data by the American Association for Long-Term
Care Insurance the majority (56 percent) were women. “Eldercare
providers are those who provide unpaid care to someone over the age of
65 who needed help because of a condition related to aging,” explains
Jesse Slome, executive director of the national trade organization that
studies health and medical trends that impact the needs of older

According to Slome, individuals ages 45 to 54 and 55 to 64 were most
likely to provide eldercare. “The percentages were 23 percent and 22
percent for each of these two categories,” Slome one of the nation’s
leading long term care insurance experts shares. “The majority, some 42
percent cared for a parent.”

Eldercare often consisted of tasks also referred to as conditions
requiring long term care. “Regrettably, the vast majority of Americans
have no plan to address the very real risk they or a loved one will
eventually need long term care,” Slome acknowledged. “When the time
comes they are going to have to turn to their spouse or adult children
for care, changing their lives sometimes for months, sometimes for many

According to the Association, some 8.1 million Americans currently have
long term care insurance protection according to the Association’s 2012
research. “People seem to focus on the financial benefits of this
protection and they are important,” Slome adds. “But the real benefits
are non-financial. This protection allows your loved ones to care about
you rather than having to be forced to care for you.”

For more information or to connect with a knowledgeable long term care
insurance professional designated by the Association, call their Los
Angeles national headquarters at (818) 597-3227 or read free guides
authored by Slome on reducing long term care insurance costs that can be
accessed on the Association’s website.

Contact Information:
American Association for Long-Term Care Insurance
Jesse Slome
Contact via Email

Click here to read the full story: Forty Million Provide Eldercare Long Term Care Insurance Association Reports

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