Archive for Long Term Care

Nursing Home Costs Now Over $75,000

Nursing home rates have climbed at an annual median rate of 4.5% for private nursing home rooms over the past 5 years, while the annual median increase has been just 1.7% for licensed home health aides and 2.4% for licensed homemaker services over that same period, according to Genworth, Richmond, Va.   The median increase in assisted living facility costs over the 5-year period was 6.7%, in part because the facilities were providing more intensive support for their residents, Genworth says.