Market Suvery Shows Rising Costs for Long Term Care

Affordability of long-term care services are an important factor in ability to access these services, as well as cost-drivers in public systems that provide them. This report, “Market Survey of Long-Term Care Costs: The 2012 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services and Home Care Costs,” prepared by the MetLife Mature Market Institute, shows that national average rates for long-term care in the United States continues to rise, except for home health aides and adult day services, which remained unchanged over the past year.
The report shows that costs continue to rise for those requiring long-term care in the U.S. The national average rates for a private nursing home room increased 3.8% from $239 daily in 2011 to $248 daily or $90,520 annually, in 2012. Assisted living base rates rose by 2.1% from $3,477 monthly in 2011 to $3,550 monthly or $42,600 annually.  Adult day services remained at the 2011 rate of $70 per day.  Home health aides rates were unchanged from 2011 at $21 per hour.  Homemaker hourly rates increased by 5.3% from $19 per hour in 2011 to $20 per hour in 2012.

Overview 2012 MetLife Market Survey of Long Term Care Costs

Full Report 2012 MetLife Market Survey of Long Term Care Costs