About 80 million baby boomers are reaching the age of retirement

About 80 million baby boomers are reaching the age of retirement, which will significantly burden following generations by withdrawing health care entitlement funds. A recent survey shows that 42% of seniors are worried about their retirement savings, and are not aware of the true costs of long term care related services. Americans significantly underestimate the amount of funds needed to finance their expected long term care needs raises many concerns about how this population will be care for.  Local, state and federal governments must start making changes now to prepare the current caregivers and baby boomers so that the 80 million baby boomers do not use all the financial assets of the following generations. Seniors eligible for Medicaid services are forced to spend all their assets down to poverty levels so that they must qualify. Experts agree that now more than any time in our nations history is the need for long term care insurance.