The survey shows that “even America’s affluent workers don’t know how they will fund their health-care costs in retirement and they don’t expect Obamacare will help them,” Carter adds. “The attention the ACA has received in the past year has increased awareness of health-care costs. We think that’s a step in the right direction, and what Americans need now is a plan to adequately prepare for those costs. It is possible. However instead of making a plan, too often the plan is to just continue working.”
Advisors also can help clients with their Medicare coverage. Sixty-one percent wish they understood Medicare coverage better. Nearly two-thirds did not know Medicare does not cover long-term care costs, the survey says.
Nationwide offers advisors tools to help them discuss complicated health care issues with clients. Additional information can be found at www.nationwidefinancial.com/healthcare.