Long-Term Care Costs Rose in 2009; Another Reason to Consider Your Alternatives
Posted Mar 19 2010 6:19am
The 2009 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs shows that private room nursing home rates rose 3.3% to $219 per day or $79,935 per year, while assisted living base rates also rose 3.3% on average to $3,131 per month. Home healthcare aides now cost an average of $21 per hour, a 5% increase; adult day services run $67 per day, a 4.7% increase.
Lesson - Most of these costs, save some nursing homes costs, are out-of-pocket. How are you preparing for a future where more and more people may live to be 100?