FantasyLand, USA

Americans 45-plus think they know the costs of long-term care services and the ins and outs of long-term care insurance. But most of them are dead wrong.

A recent AARP survey examined the public’s perceptions of long-term care costs, including stays in nursing homes and assisted-living facilities as well as in-home visits by a skilled nurse. While six out of 10 Americans claim to be familiar with the costs, only 8 percent correctly estimated the national average cost of a month in a nursing home and just 23 percent knew the cost of assisted-living facilities.

What’s even more shocking is the New York Times discovery that most people  believe that government Medicare will cover their care - Again dead wrong.

“It’s a train wreck waiting to happen,” predicts wheelchair-bound Clayborne Cotton of PrepSmart.com’s Long Term Care Insurance Buyer’s Advocate Alliance, “Sadly, without insurance folks can lose their life savings and burden their families with 24-hour care tasks. They just don’t know the serious risk they’re taking without coverage. Period. It’s such a shame…”

You can research your options through an objective expert at http://prepsmart.com/form/advisory.html