At the very least the extra layer should keep me warm, as it is so cold here in Chicago this week.
All kidding aside, I recently read an article about a recent study the AARP conducted – “The Costs of Long-Term Care: Public Perceptions Versus Reality in 2006” – where they surveyed 1,456 people ages 45 and up. They found out that while 60% said they were familiar with long-term services, only 8% even came close to estimating the average monthly cost of a nursing home ($6,266). Most gave a much lower estimate. I find this to be accurate in real life when I talk to new families.
People were also found to not know who pays for nursing care or for help with ADL’s like bathing and dressing. More than ½ incorrectly believe Medicare pays for assisted living and for extended nursing home care. (Yeah, no.)
They offered up a link to “test your knowledge of long-term care” which can be found here at www.aarp.org/longtermcare.