How Much Does Long
Term Care Cost?
- Home Health Aide - $41,184
- Home Maker Services - $38,896
-
Assisted Living Facility Private One Bedroom - $31,950
- Nursing Home Semi-Private Room - $76,000
2011 Genworth Long Term Care Survey
of Median Costs in Florida
Long term care costs vary
greatly by region. The Northeast, Hawaii and Alaska tend to to be
the most expensive areas to receive care in the United State. Make certain that you
check the cost of care in the region you anticipate receiving care. |
What Are Some of the
Misunderstandings of LTC?
- "It will never happen to me."
- "My family will take care of me."
- "Medicare will pay for everything."
|
"It will never
happen to me."
- 43% of Americans will enter a nursing home at least once in their
lifetime.3
- More than 75% are women.4
- Almost 25% are men.4
- 70% of couples can expect one partner to enter a nursing
home.4
3 Source: Challenger, May-June, 1997
4 American Health Care Association, September 1998
|
"My family will
take care of me."
- Type of medical expertise required may not be present among family
members
- Expense of providing care
- Physical and emotional demands on caregiver
- Lifestyles/location
|
"Medicare will
pay for everything."
- Custodial care, such as bathing, cooking, shopping, etc.,
is usually not covered by Medicare
- Medicare does NOT cover long term care. Generally,
Medicare covers only medically necessary care.
- You must meet certain conditions for Medicare to cover:
- skilled nursing facility care
- home health care
-
hospice care
|