MetLife published its annual Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs recently. The company stopped selling LTC insurance two years ago but are still very active in retirement planning and marketplace trends which anticipate a growing need for senior care. The 2012 Survey showed:
- nationally, monthly nursing home costs rose 3.8% , assisted living 2.1%, home care remained the same.
- nationally, the cost of a private room in a nursing home was nearly $91k, assisted living almost $43k, $21 per hour for a home health aide, and $65 per day for adult day care.
- nationally, 51% of assisted living communities provided dementia care, 61% of which charge an additional fee. The Alzheimer’s patient at an assisted living facility paid $57, 684 annually.
- Alaska had the highest cost for nursing homes, while Texas and Oklahoma had the lowest. Washington, D.C. had the highest rates for assisted living, while Arkansas had the lowest. Minnesota had the highest rates for home health aides, while Louisiana had the lowest. Vermont had the highest rate for adult day services, while Montgomery, AL had the lowest.