Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

LTC Costs Up Again

X
Your article was successfully shared with the contacts you provided.

The annual cost of a private nursing home room rose 4.7% this year, to $74,208, according to Genworth Financial Inc.

Genworth, Richmond, Va., says the cost of a semiprivate room increased 4.5%, to $66,850, and the cost of a private one-bedroom assisted-living home increased 1.4%, to $33,903.

The cost of a Medicare-certified home health aide jumped 36%, to $46 per day, but in-home care by a licensed but non-Medicare-certified home health aide rose only about 0.5%, to $18.50 per hour.

The states that offer the most affordable long term care are Oklahoma, South Dakota, Kansas, Nebraska and North Dakota, Genworth says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.