Long Term Care – Average Annual Care Cost Analysis

Posted on Posted in Long Term Care Costs

Here is a brief and short study of average facilities and care costs (in dollars). However, the costs and facilities may vary depending upon the providers and the customisation of the insurance policy. It is just a average cost table in which most Long Term Care Insurance Company generally operate.

FACILITY CARE COSTS

Care type

Highest($)

Average($)

Lowest($)

Nursing facility (private room)

192,000

Annual – 71,000

Per Day – 195

42,000

Nursing facility
(semi-private)

178,500

Annual – 62,500

Per day – 170

35,000

Assisted Living Facility (1 bedroom)

57,500

Annual- 32,500

per day- 188

21,000

Community or Entrance Fees

8,500

1,400

50

 

IN-HOME CARE COSTS

Type of care

Highest (per hour, $)

Average (per hour, $)

Lowest (per hour, $)

Health Care Aid (general)

292

25

6

Homemaker Services

65

17

6

Certified

292

36

7

Licensed Not-Certified

175

22

6

Not-Licensed Not-Certified

30

17.50

7.25

This is the detail study on average of national average annual care cost analysis
The medicaid facility covers a appropriate proportion of the long term care insurance, as each state have a number of medicaid beds. Lot will depends on the area or region in which you choose to apply for it.