More than half of Hispanics over age 40 believes it will need medical assistance andcare in the long term in the future, but very few have done something to prepare for that moment.

Those are the results of a survey that on Tuesday unveils the Associated Press and the Norc Center for Public Affair Research of the University of Chicago, called “Expectations and planning for care in the long run among Hispanics in the United States“.


Only 12% of Latinos 1,735 respondents feel trusted are municipalty future years, while 59% confessed that he had prepared very little or nothing.


Hispanic “actions and planning levels are low even for things that require relatively little effort as search for information or discuss preferences with family,” said Dr. Jennifer Benz, Director of research. In fact, only 16% searched information about long-term care insurance and just 31% discussed their preferences of long-term care with their families.


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Health Care Elderly


However, this does not mean that Hispanics are not concerned about the issue, since 47% indicated being very distressed by their lack of preparation for the future, while the national average is 32%.


Misunderstandings and misconceptions
AP-Norc study brings to light that there are many misconceptions about how the financing of long-term care. Medicare or private health insurance plans typical in United States cover the ongoing care in nursing homes, or continued care at home by alicensed health Assistant.


Only in certain circumstances, these plans cover medical equipment such as wheelchairs and other assistive devices.


However, as shown by Benz, “large portions of the Hispanic population of 40 yearsor more, either does not know if a typical private insurance or Medicare plan coversthese services that older adults may need as they age or believe, erroneously, that are covered“.


This expectation of the public health system is higher in Hispanics with low incomeor with health problems.


Who are saving?


Some factors increase the likelihood of saving for the long term care in Hispanics: money, experience with the system and education. Those Hispanics earning more than 50,000 dollars a year, are five times more likely to save. They also tend to think more in the future, those who have had experience with long-term care and those whohave graduated from high school.


Optimistic figures


Although still there are few Hispanics that are taking steps to plan the care you might need in old age, the figure increased 14% between 2014 and 2015. 25% of Hispanics specifically reported to be saving money for care in old age, while in 2014 only15% reported to have.


“The data from the survey tells you exactly what has contributed to these increases.One possible explanation is the global improvements in the economy that may haveallowed more Hispanics save money for future needs”, said Benz.
“Another possible cause could be an indirect effect of the care Act (Affordable CareAct) affordable health and efforts to reach the Hispanic community. One can imagine that an emphasis on health care can lead to a search for more information about issues related to aging and long-term care needs”, said the Director of research.
* More information on Univision News health

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