Home Health Aide Costs Rise 1%

Traditionally, typical LTC planning clients have looked for ways to stay in their own homes for as long as possible, and to stay out of nursing homes for as long as possible.

Here's what LTCG found when it broke out cost increase figures for four major types of care cost figures:

• Home health aide services: $25 per hour, up 1%
• A studio room in assisted living facility: $4,241 per month, up 2.6%
• A semi-private skilled nursing facility room:  $266 per day, up 4.6%
• A private skilled nursing facility room: $303 per day, up 4.8%

When compared with the five-year annual compound growth rate, home health services increased only about half the average rate, nursing home stays increased about twice the average rate, and assisted living facility rent increased at about the five-year average rate.

— Read 15 Most Expensive States for Long-Term Care: 2019, on ThinkAdvisor.

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