What does long term care cost?
Long term care services can be very expensive. Consider these national averages from 20062:
- The average cost for a semi-private room in a nursing home was $186 per day ($68,000 per year).
- The cost for a Home Health Aide was $346 per week ($18,000 per year for periodic personal care from a Home Health Aide three times a week).
And long term care costs rise at the rate of about 4 percent per year3, so long term care will continue to get more expensive over time.