Long-Term Care Costs Continue to Increase – Orlando Sentinel, Weds, 5/11/2016
Long-term care grew more expensive again this year, with a private nursing home room edging closer to $100,000 annually, a new survey says. Americans also are paying more for other care options such as home health aides and assisted living communities, while adult day care costs fell slightly compared to 2015, Genworth Finanacial reported in a study released Tuesday. Private nursing home rooms now come with a median annual bill of $92,378, an increase of 1.2 percent from last year and nearly 19 percent since 2011. Genworth Financial sells long-term care coverage and didn’t address that cost in its study.
Associated Presss