nowadays because of the fact that 7 out of 10 of Americans will require this
type of care in the future.
cost is steadily increasing today. Experts say that location is the main factor
why the cost of long term care is becoming more expensive.
following: supply and demand of long term care, consumer’s ability to pay for
care and the cost of living in a particular state.
another varies. As I’ve said earlier, the cost of care is skyrocketing every
year and what’s more alarming is the fact that the increase is more rapid than
will come in handy when they begin to plan for retirement. Experts actually
advice seniors to consider location when exploring their long term care options
so as to save money without sacrificing the quality of care.
can refer to Genworth’s cost of care survey for every stat, which they release
every year. The growth rate of long term care services and settings annually
and on a five-year period is included.
cost of long term care in the United States.
Five Year Annual Growth
Homemaker Services (Hourly)
Home Health Aide Services (Hourly)
Adult Day Health Care (Daily)
Assisted Living Facility (Monthly)
Nursing Home (Semi-Private Room, Daily)
Nursing Home (Private Room, Daily)
complete report for 2014 and also to view the cost of long term care in your