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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.