Tuesday, April 14, 2015

The cost of Private Nursing Home rate report has just been released. See the prices below. I urge families to seek out options in Home Care first. Find a licensed, bonded and insured home care agency that employs their caregivers, does background checks and drug tests them. These agencies provide ongoing training and manage the caregivers so family members don't have to do so.

My mom made me promise not to put her in a nursing home. This was more important than money to me -> Most loved ones say they do NOT want to live in a nursing home-they want to stay in their own home. Why wouldn't someone at least try home care first? Then if more transitions need to occur, your Home Care Agency can assist you with a smooth transition to a reputable facility because they know the good ones. Encourage your family to know the facts! I hope this article is informative for you and yours.

Cost of a Private Room in a Nursing Home Now Averaging $91,250

CashThe median cost of a private nursing home room in the United States has increased 4.2 percent to $91,250 a year, according to the 2015 edition of a Cost of Care survey that the insurer Genworth has conducted for the past 12 years.  Genworth reports that the median cost of a semi-private room in a nursing home is $80,300, up 3.8 percent from 2014.
The price rise was slightly more modest for assisted living facilities, where the median rate ticked up 2.9 percent, to $3,600 a month.  The national median rate for the services of a home health aide was $20 an hour, representing a 1.3 percent increase over 2014, and the cost of adult day care, which provides support services in a protective setting during part of the day, rose from $65 to $69 a day. 
Once again, Alaska was the costliest state for nursing home care, with the median annual cost of a private room totaling $281,415. Oklahoma again was found to be the most affordable state, with a median annual cost of a private room of $60,225.
The 2015 survey was based on responses from more than 15,000 nursing homes, assisted living facilities, adult day health facilities and home care providers. The survey was conducted by phone during January and February of 2015.
Article Last Modified: 04/10/2015

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