Working Baby Boomers’ Knowledge of Retiree Health Benefits and Costs Page: 81
View a full description of this dissertation.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
purchase decisions named in the study. Of 206 Baby Boomers who provided an answer
about the purchase of a long-term care insurance policy, only 35 said they have done
so. Of 207 Baby Boomers who replied about the purchase of an annuity, only 45
responded affirmatively. The survey did not measure whether those who purchased one
or the other did so because of its availability through their workplace. This research
provides only a preliminary look at predictors for the purchase of long-term care
insurance. Information not included in this survey about the reasons why people
purchase long-term care insurance provide a basis for creating future studies. Potential
avenues of exploration include (1) identification of the person/s who made the purchase
decision, whether the policyholder himself or younger family members seeking to
preserve their inheritance, (2) the timing of the purchase decision, such as early career,
mid-career or late career, and (3) the communication source that was successful in
motivating the purchase decision, such as an employer, financial planner, family or
media.
I found that working Baby Boomers are more likely to take several other steps to
begin preparing for retirement, steps related to knowledge-seeking behavior rather than
purchasing decisions. This finding is based on my query to Baby Boomers about
whether they have attended educational meetings at work about health coverage (164
of 178 survey responses) or financial planning (91 of 178 responses), whether they
have used the Internet to find information about health coverage (122 of 147 responses)
or financial planning (96 of 147 responses), whether they have attended seminars
offered by financial planners about health coverage (43 of 106 responses) or financial
planning (93 of 106 responses), whether they have checked to see if their employer81
Upcoming Pages
Here’s what’s next.
Search Inside
This dissertation can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Dissertation.
Henning, Janet L. Working Baby Boomers’ Knowledge of Retiree Health Benefits and Costs, dissertation, August 2012; Denton, Texas. (https://digital.library.unt.edu/ark:/67531/metadc149607/m1/89/: accessed April 23, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; .