Nursing Home, Assisted Living And Other Extended Care Costs Continue To Rise In The U.S.
According to the newly released
MetLife Market Survey of Nursing Home, Assisted Living, Adult Day
Services and Home Care Costs
, conducted for the tenth year by
the MetLife Mature Market Institute, national...
According to the newly released 2012 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services and Home Care Costs, conducted for the tenth year by the MetLife Mature Market Institute, national average rates for long-term care in the U.S. continue to rise.The average cost of a semi-private room in a nursing homerose 3.7% in 2012, from $214 daily or $78,110 annually in 2011, to $222 or $81,030 annually. Assisted living base rates increased by 2.1%, from $3,477 monthly or $41,724 annually to $3,550 or $42,600 annually. The average rate for a homemaker increased by 5.3%, from $19 to $20 per hour. Only rates for home health aides and adult day services were unchanged year to year, remaining at $21 per hour and $70 per day respectively. The five-year trend in costs reveals that the annual cost for a private room in a nursing home has increased an average of 4.0% per year while a semi-private room has increased almost as much at 3.8%. Assisted living costs have increased the most, at an average of 4.1% annually over the past five years. Homemaker costs have increased at an average annual rate of 2.7% in the same time period, closely followed by Adult Day Services at 2.3%. The five-year average annual cost increase for Home Health Aide services was the lowest at 1.3% annually. Most Expensive and Least Expensive Regions The “rest of state” area of Oklahoma (excluding Oklahoma City and Tulsa) had the lowest private room nursing home rates in 2012, averaging $147 per day. For a semi-private room, the “rest of state” area of Texas (excluding Austin, Dallas/Fort Worth and Houston) had the lowest average rates at $131 per day. As in the past, the highest rates were in Alaska, $687 (private) and $682 (semi-private). For assisted living communities, the “rest of state” area of Arkansas (excluding Little Rock) had the lowest average monthly base rate at $2,355; Washington, D.C. had the highest at $5,933.