New data from Genworth’s 2010 Cost of Care Survey shows that home care costs have risen at an annual rate of just 1.7% over the past five years. That compares to annual increases of 6.7% for assisted living facilities, and 4.5% for a private room in a nursing home, over the same period.  According to the survey, in 2005 the median annual rate for a private nursing home room was $60,225, compared with the 2010 median annual rate of $75,190. This means that Americans can expect to pay approximately $14,965 more per year today for a nursing home than they had to pay in 2005. |
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CategoriesGeriatric Programs |
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