Fuller, Zietz & Calcote, 1997

Fuller, P., Zietz, E. N. & Calcote, R. (1997). The role of financial counselors in long-term health care planning Financial Counseling and Planning, 8(1), 19-24.

The Role Of Financial Counselors In Long-term Health Care Planning

Phillip Fuller,(1) Emily Norman Zietz(2) and Roger Calcote(3)

Adequate and affordable long-term health care (LTC) is an important concern today. Results from a
survey of Certified Public Accountants (CPAs) with the Personal Financial Specialist (PFS)
designation indicate that many believe they, as financial counselors, should assume some of the
responsibility of informing clients of the LTC financing problem. Many respondents believe there is
a widespread need for LTC insurance. As a group they are split as to whether government or private
insurance is the best provider of LTC. However, they also believe some financial counselors are not
emphasizing long-term care enough in clients’ financial plans.

Key Words: Long-term care, Accountants, Insurance, Planning, Health care

1. Phillip Fuller, DBA, Associate Professor of Finance, Department of Economics, Finance, and General Business, Jackson State University, Jackson,
MS 39217. (601) 968-2531. email: pfuller@ccaix.jsums.edu

2. Emily Norman Zietz, Assistant Professor, Department of Economics and Finance, Middle Tennessee State University, Murfreesboro, TN 37132. (615)
898-5618. email: enorman@mtsu.edu

3. Roger Calcote, Professor, Department of Accounting, Jackson State University, Jackson, MS 39217, (601) 968-2414.

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