{"id":1018820,"date":"2026-11-09T10:19:49","date_gmt":"2026-11-09T15:19:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-financial-research-finds-80-of-families-havent-had-in-depth-conversations-about-age-related-healthcare-costs\/"},"modified":"2026-11-09T10:19:49","modified_gmt":"2026-11-09T15:19:49","slug":"lincoln-financial-research-finds-80-of-families-havent-had-in-depth-conversations-about-age-related-healthcare-costs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lincoln-financial-research-finds-80-of-families-havent-had-in-depth-conversations-about-age-related-healthcare-costs\/","title":{"rendered":"Lincoln Financial Research Finds 80% of Families Haven\u2019t Had In-Depth Conversations About Age-Related Healthcare Costs"},"content":{"rendered":"

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Lincoln Financial Research Finds 80% of Families Haven\u2019t Had In-Depth Conversations About Age-Related Healthcare Costs<\/b><\/p>\n

New research highlights a significant gap in family preparedness as long-term care needs, costs and caregiving demands continue to grow<\/i><\/p>\n

RADNOR, Pa.–(BUSINESS WIRE<\/a>)–
\nAs Americans live longer and face an increasing likelihood of needing long-term care, new research from Lincoln Financial reveals that many families are avoiding an important conversation. According to Lincoln’s Consumer Sentiment Tracker, 80% of families have not had in-depth discussions about age-related healthcare costs, making it an often overlooked topic among major retirement and financial considerations.\u00b9<\/p>\n

\nLincoln’s research points to a significant preparedness gap: four in five families have not had in-depth conversations about age-related healthcare costs. At the same time, long-term care can represent a significant expense for families. Lincoln Financial’s long-term care resources cite national monthly average costs of $7,440 for home care, $5,463 for a one-bedroom assisted living facility and $9,480 for a private room in a skilled nursing home.\u00b2<\/p>\n

\n“Many families recognize that aging can bring new healthcare and caregiving needs, but those conversations often don’t happen until they’re forced by a health event or family crisis,” said Jared Nepa, senior vice president and head of Insurance Solutions Distribution at Lincoln Financial. “The challenge is that important decisions about care preferences, caregiving responsibilities and potential costs become much harder when they’re made under pressure. Having these conversations early can help families feel more informed and prepared.”<\/p>\n

\nLincoln’s research suggests the conversation gap extends beyond healthcare costs. Many families also report limited discussions around retirement income, life insurance<\/a> and leaving money or assets behind.<\/p>\n

\nThe need for these conversations is expected to grow in the coming decades. According to U.S. Census Bureau projections, the population age 80 and older is expected to nearly double by 2045.\u00b3 At the same time, family caregiving networks are evolving, with fewer married households and fewer households with children than in previous generations. \u2074 \u2075 Together, these demographic shifts could increase both the demand for care and the challenges families face in navigating it. \u2076<\/p>\n

\n“Long-term care is often viewed as a healthcare issue, but it can have implications for an entire family’s financial wellbeing and caregiving responsibilities,” Nepa said. “Starting the conversation before care is needed gives families an opportunity to discuss expectations, preferences and potential challenges while they have the time and flexibility to do so.”<\/p>\n

\nTo help families begin these discussions, Lincoln encourages conversations around questions such as:<\/p>\n