Costs of Assisted Living, Nursing Homes Rise
Nationally, the 2013 median hourly cost of homemaker services and home health aide services is $18 and $19 respectively, the company said. Homemaker costs have risen just 1.4 percent since 2012 and 0.8 annually over the past five years. Home health aide services have risen 2.3 percent since 2012 and 1.0 percent annually over the past five years.
The costs to receive care in an assisted living facility are rising much faster, the company reported. The median annual cost for care in an assisted living facility is $41,400. This represents an increase of 4.6 percent since 2012 and a 4.3 percent annual increase over the past five years. The comparable cost for a private nursing home room rose 3.6 percent from 2012 to 2013, to $83,950, or 4.5 percent annualized over the past five years.
The national average in 2013 for the daily cost of adult day centers was $65 a day, up 6.6 percent since 2012 but up an average of only 1.6 percent a year since 2008. You can view the full Cost of Care report here.
How are you keeping up with the costs of care? Are you surprised by these figures? Please share your thoughts in our comments section, below.
- U.S. News & World Report Releases Best Nursing Homes 2013 (caregiving.com)
- Involve the Facility in End-of-Life Conversations (caregiving.com)
- Hurry (caregiving.com)
- Key (caregiving.com)