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The Cost of Private Care

Jan 08, 2019 03:43PM ● By Jeffrey Hall

Jeffrey S. Hall, MBA, CPA, Esq.

Forwarded by Jeffrey Hall, Elder Law Attorney

The median cost of a private nursing home room in the United States increased to $100,375 a year in 2018, up 3 percent from 2017, according to Genworth's Cost of Care survey, which the insurer conducts annually

At the same time, Genworth reports that the median cost of a semi-private room in a nursing home is $89,297, up 4 percent from 2017. While significant, the rise in prices is not quite as steep as the 5.5 percent and 4.4 percent gains, respectively, in 2017.

But the median cost of assisted living facilities jumped 6.7 percent to $4,000 a month. The national median rate for the services of a home health aide is $22 an hour, and the cost of adult day care, which provides support services in a protective setting during part of the day, rose from $70 to $72 a day.

Alaska continues to be the costliest state for nursing home care by far, with the median annual cost of a private nursing home room totaling $330,873. Oklahoma was found to be the most affordable state again, with a median annual cost of a private room of $63,510.

The 2018 survey, conducted by CareScout for the fifteenth straight year, was based on responses from more than 15,500 nursing homes, assisted living facilities, adult day health facilities, and home care providers. Survey respondents were contacted by phone during May and June 2018.

As the survey indicates, nursing home care is growing ever more expensive. Contact Jeffrey Hall, Esq., your local elder law attorney, to learn how you can protect some or all of your family's assets. You may visit his website at www.HallLawGroup.comor call (925) 230-9002. We are a veteran owned -- veteran friendly law firm.

Disclaimer: This article is not intended to be relied upon as legal advice nor the establishment of an attorney-client relationship. 

 

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