The Rising Costs of Long Term Care in the U.S.

The Rising Costs of Long Term Care in the U.S.

The cost of long-term care continued its upward climb in 2010.  On average the price of a private room in a nursing home rose 4.4 percent to $87,235 a year or $239 a day, while the price of a semi-private room increased by 4.4 percent to $214 a day, or $78,110 a year.

In contrast, assisted living facility costs jumped 5.6 percent to $41,724 a year or $3,477 a month. The cost of adult day care services increased by 4.5 percent to $70 per day.  But the average cost of home health aides and homemaker/companion service rates remained unchanged at $21 and $19 per hour, respectively. The cost of a semi-private room in an Alzheimer's wing rose from an average of $75,190 to $81,030 annually.


Private Nursing Home Room:  The highest rate in 2011 was found in Alaska ($655 a day) while the lowest was in Louisiana ($141 a day), with the exception of Baton Rouge and the Shreveport areas. 

Assisted Living: The Washington, D.C., area had the highest rate at $5,757 a month, while the lowest was found in Arkansas (except for Little Rock) at $2,156 a month. 

Health Care Aide Services: Prices ranged from a high of $34 an hour in Rochester, Minnesota, to $14 and hour in the Shreveport area of Louisana.

Adult Day Care Services: The highest daily cost was in Vermont at $148, while the lowest was in Montgomery, Alabama, area, at $29

View more information from Marc J. Soss at Florida Estate Planning and Florida Wills & Trusts.   Marc Soss' practice focuses on estate and tax planning; probate and trust administration and litigation; guardianship law; and corporate law in Southwest Florida.  Marc is a frequent contributor to LISI and has published articles and been quoted in the Florida Bar, Rhode Island Bar, North Carolina Bar, Association of the United States Navy, Lawyers USA, Military.Com, Forbes.Com, and CNN Business. Marc also serves as an officer in the United States Naval Reserve.

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Comments

Anonymous
Anonymous
  • 11-01-2012

Thank you for sharing! This is a great article. Both my grandparents are in this situation. We have looked for a good adult day care service for them for years. Do you know why the prices are going up so much? What can we do to find them a cheap, safe, and comfortable place?