Top 10 Most Expensive States for Long-Term Care: 2013

Genworth’s 10th annual study shows the priciest states in four main categories

Genworth Financial’s annual study on the cost of LTC takes a look at the escalating costs of LTC of various types throughout the country, and this year draws on 10 years of data.

The 2013 Cost of Care Survey, conducted by CareScout, includes nearly 15,000 LTC providers from all 50 states and Washington, D.C., divided into 437 regions across the country. Also available at Genworth’s website are a mobile app and an interactive map that provide access to the data from wherever you happen to be (hopefully not already in a nursing home).

Only a lucky 30% of the population is estimated not to need long-term care after age 65, so those who think they’ll be in the majority should keep an eye on costs, since they vary substantially by location. While there are no bargains among these 10 states, you can check out the 10 cheapest states for LTC.

We’ve averaged costs for the four categories of adult day care, licensed home care, assisted living and nursing home private rooms. (Last year we excluded adult day care from the averages because the figures varied widely enough from state to state to skew the results. This year, other categories exhibited widely varying figures as well, so adult day care has been included in our calculations.)

(Check out the Top 10 Cheapest States for LTC Costs in 2013 at AdvisorOne.)

Capitol in Augusta, Maine.10. Maine

Average Annual Cost: $57,628

Adult day care: $25,584

Licensed home care: $46,904

Assisted living: $54,000

Nursing home (private room): $104,025

9. New Hampshire

Average Annual Cost: $57,689

Adult day care:  $16,900

Licensed home care: $50,336

Assisted living: $43,068

Nursing home (private room): $120,450

Capitol in Montpelier, Vt.8. Vermont

Average Annual Cost: $58,591

Adult day care: $33,639

Licensed home care: $48,048

Assisted living: $45,000

Nursing home (private room): $107,675

(Photo: AP)7. Delaware

Average Annual Cost: $59,003

Adult day care: $16,250

Licensed home care: $46,057

Assisted living: $66,396

Nursing home (private room): $107,310

Statue of Liberty6. New York

Average Annual Cost: $59,598

Adult day care: $19,500

Licensed home care: $45,760

Assisted living: $47,400

Nursing home (private room): $125,732

Jersey City, NJ5. New Jersey

Average Annual Cost: $65,203

Adult day care: $20,800

Licensed home care: $46,904

Assisted living: $71,928

Nursing home (private room): $121,180

Boston skyline4. Massachusetts

Average Annual Cost: $65,212

Adult day care: $15,600

Licensed home care: $52,624

Assisted living: $59,400

Nursing home (private room): $133,225

Statue of King Kamehameha in Honolulu.3. Hawaii

Average Annual Cost: $66,910

Adult day care: $18,200

Licensed home care: $53,768

Assisted living: $50,400

Nursing home (private room): $145,270

2. Connecticut

Average Annual Cost: $68,983

Adult day care: $20,800

Licensed home care: $43,472

Assisted living: $60,000

Nursing home (private room): $151,658

Sign post in Anchorage, Alaska.1. Alaska

Average Annual Cost: $103,336

Adult day care: $29,396

Licensed home care: $56,056

Assisted living: $72,000

Nursing home (private room): $255,891

 

 

 

 

 

 


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