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What Long-Term Care Costs (A Lot!)

Posted By Sally Abrahms On November 15, 2012 @ 12:14 pm In Take Care | Comments Disabled

[1]If you’re considering long-term care, expect to pay more for nursing homes [2], assisted living [3] communities and homemakers/companions [4], MetLife Mature Market Institute’s [5] annual 2012 survey reveals. Good news: the study of average national long-term care costs shows they’ve stayed the same for adult day services [6] and home health aides.

Of course, rates and services vary by state and area; those differences are included in the survey. Take a look at national average costs:

  • A private room in a nursing home is $248/day, $222 for a semiprivate versus $239 and $214 respectively last year. That is a 3.8% hike for a private, 3.7% for a semiprivate
  • Assisted living increased to $3,550/month from last year’s $3,477 or 2.1%
  • A homemaker’s hourly rate rose 5.3% to $20, a dollar more than in 2011.
  • Adult day services stayed the same, or $70/day
  • The $21/hour cost of home health aides was the same as in 2011

Now that we’re crunching numbers, here are four more:

  1. In 2011, the median age of a nursing home resident was 82.6 years (16% were under age 65), with 66% made up of women, the U.S. Census Bureau [7] reports.
  2. The average age of assisted living residents was 86.4 years.
  3. According to the National Adult Day Services Association [8], there are more than 5,000 U.S. adult day centers, with 260,000+ participants as well as their family caregivers. The average transportation cost for centers that charge is nearly $10 each way.
  4. 68% of home health care agencies surveyed give employees Alzheimer’s [9] training; 98% don’t charge extra for those with the disease.

More detailed results from the latest MetLife study [10] are available.

Are these costs what you expected? (My mother-in-law is in assisted living so I’m completely clued into the high price of care.)

Follow Sally Abrahms at www.sallyabrahms [11] and on Twitter [12].

Article printed from AARP: http://blog.aarp.org

URL to article: http://blog.aarp.org/2012/11/15/sally-abrahms-metlife-mature-market-long-term-care-study/

URLs in this post:

[1] Image: http://blog.aarp.org/wp-content/uploads/2012/11/long-term-care.png

[2] nursing homes: http://assets.aarp.org/external_sites/caregiving/options/nursing_home_costs.html

[3] assisted living: http://assets.aarp.org/external_sites/caregiving/options/assisted_living.html

[4] homemakers/companions: http://www.aarp.org/home-family/caregiving/

[5] MetLife Mature Market Institute’s: https://www.metlife.com/mmi/research/2012-market-survey-long-term-care-costs.html#keyfindings

[6] adult day services: http://assets.aarp.org/rgcenter/il/fs98_service.pdf

[7] U.S. Census Bureau: http://www.census.gov/prod/2011pubs/12statab/health.pdf

[8] National Adult Day Services Association: http://www.nadsa.org

[9] Alzheimer’s: http://www.alz.org

[10] MetLife study: https://www.metlife.com/assets/cao/mmi/publications/studies/2012/studies/mmi-2012-market-survey-long-term-care-costs.pdf

[11] www.sallyabrahms: http://www.sallyabrahms.com

[12] Twitter: https://twitter.com/sallyabrahms

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