Funding For Long-term Care Cost: An Analysis Among Malaysian Elderlies In Selangor

Malaysia is expected to be an aged nation with more than 15% of the population that are over 60 years of age. It is projected to age by 2030, with a 15.3% old population. Cost of providing aged caregiving medicine and facilities is likewise demonstrated to follow similar pattern of an ageing population. This study found that the source to finance the long-term care cost among 276 elderlies in Selangor are mainly from the family with duration between 4 to 5 years. It can be concluded that retirement savings and pension funds are not sufficient to pay for the long-term care cost.