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Most boomers mistakenly think PPACA covers LTC

The Nationwide Financial Retirement Institute finds more than seven in 10 affluent baby boomers mistakenly think Obamcare will cover their long-term care costs in retirement.

By Allen Greenberg | Updated on January 22, 2014

There’s been no shortage of misconceptions about Obamacare but the one that Nationwide uncovered stands out.

The Nationwide Financial Retirement Institute said that it found more than seven in 10 affluent baby boomers mistakenly think the Patient Protection and Affordable Care Act will cover their long-term care costs in retirement.

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