What is the True Cost of Long-Term Care?

While costs for home-based custodial care have remained relatively flat, skilled care – care received in facilities (i.e. nursing homes) continues to rise at a higher level year over year.

The 2013 John Hancock Cost of Care Study, conducted by LifePlans Inc., based in Waltham, MA, surveyed approximately 16,000 long-term care providers, including nursing homes, assisted living facilities, and home health care agencies, in key cities across the country. Its findings revealed that the average annual cost of care in the U.S. is $94,170 for a private room in a nursing home, $82,855 for a semi-private room in a nursing home, $41,124 for an assisted living facility and $18,460 for adult day care. The average annual cost of care received at home was approximately $29,640.

Click here for the key findings brochure

Thanks for visiting us at Advocare, providing Geriatric Care Management and GCM based home-care throughout the South Florida areas of Boca Raton, Boynton Beach, Delray Beach, Palm Beach and more.

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