Thursday, April 16, 2015

Annual U.S. Median Cost of Long Term Care


According to the Genworth Cost of Care Survey:

Home Health Care

  • Homemaker Services [2] - Annual Cost - $44,616 - 5 year Annual Growth [3] - 2%
  • Home Health Aide [2] - Annual Cost - $45,760 - 5 year Annual Growth [3] - 1%

Adult Day Health Care [1]

  • Annual Cost - $17,904 - 5 year Annual Growth [3] - 3%

Assisted Living Facility [4]

  • Annual Cost - $43,200 - 5 year Annual Growth [3] - 2%

Nursing Home Care

  • Semi-Private Room [5] - Annual Cost - $80,300 - 5 year Annual Growth [3] - 4%
  • Private Room [5] - Annual Cost - $91,250 - 5 year Annual Growth [3] - 4%

Note: [1] Based on 5 days per week by 52 weeks. [2] Based on 44 hours per week by 52 weeks. [3] Represents the compound annual growth rate based on Genworth Cost of Care Survey. [4] Based on 12 months of care, private, one bedroom. [5] Based on 365 days of care.


Source: Genworth

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