Long-Term Care’s Ever-Increasing Price Tag: $100,000 A Year
The cost of private nursing home rooms has increase nearly 19 percent since 2011, a new study finds. It's part of a trend of Americans paying more for long-term care.
The Associated Press:
Study: Costs For Most Long-Term Care Keep Climbing
Long-term care grew more expensive again this year, with the cost of the priciest option, a private nursing home room, edging closer to $100,000 annually, according to a survey from Genworth Financial. Americans also are paying more for other care options like home health aides and assisted living communities, while adult day care costs fell slightly compared to 2015, Genworth reported in a study released Tuesday. (5/10)