New Data on Long Term Care Costs
Posted on May 23rd, 2011 by Em-Power ServicesJohn Hancock Releases Results of Nine Year Study
According to a John Hancock Insurance study released recently, the average cost of nursing home care in the U.S. is now $85,775 annually for a private room and $75,555 for a semi-private room.
The cost is $39,240 annually on average for an assisted living facility. And the average cost of home care is approximately $20 per hour.
Nursing home care costs nationally have risen an average 3.2 – 3.5 percent per year over the last nine years. The average cost for a home health aide has risen 1.3 percent per year.
John Hancock surveyed more than 11,000 providers in cities across the country. The study then calculated a 9-year average using data from past reports. You can see more from John Hancock here.
Tags: Education for long-term care, Employee benefits, Employer sponsored benefits, Executive benefits, Financial planning, Government long-term care insurance benefits, group long term care insurance, long term care insurance plan, worksite Long Term Care Assisted living | Filed under: Class Act | Filed under: Uncategorized, worksite Long Term Care
Thanks for this new data about the long term care. It really help me a lot in my decisions to have a long term home care .