Cost of Long-Term Care Up, Market Survey Finds
The cost of long-term care increased on average over the past year despite the current economic recession, according to a recent market survey by the MetLife Mature Market Institute. The average annual cost of private nursing homes in the U.S. rose 3.3% to $79,935, or $86,140 annually throughout much of California. The cost of assisted-living homes also increased 3.3% to an average of $37,572 annually, or $40,944 annually in Sacramento. In addition, the cost of home health aides and adult day care services in California rose 5% and 4.7%, respectively.
- "Long-Term Care Costs Increase 3.3%" (Robertson, Sacramento Business Journal, 10/27).