Help! How can I find the Cost of Long Term Care by State?
Information for this cost of long term care by state post is sourced from Genworth Financial and all opinions are mine.
Few of us will escape the impact of the cost of Long Term Care.
We all know that quality long-term care is never cheap. Did you know that research by Medcaid indicates that at least 70 percent of people over 65 will need long term care services at some point in their lifetime? Another shocking fact is 40 percent of people currently receiving long term care services are ages 18 to 64, according to the US. Department of Health.
Long term care is expensive — do you really know HOW expensive?
Here’s some national figures from Genworth Financial 2013 Cost of Care Survey, conducted by CareScout®, which covers nearly 15,300 long term care providers in 437 regions nationwide.
- Homemaker Services (Licensed)– Provides “hands-off” care such as helping with cooking and running errands $18/hour
- Home Health Aide Services (Licensed)– Provides “hands-on” personal care, but not medical care, in the home $19/hour
- Adult Day Health Care –Provides social and other related support services in a community-based, protective setting during any part of a day, but less than 24-hour care. $65/day
- Assisted Living Facility (One Bedroom – Single Occupancy) Provides “hands-on” personal care as well as medical care for those who are not able to live by themselves $104/day
- Nursing Home (Private Room) — Provides skilled nursing care 24 hours a day. $240/day
My state is expensive to live in–What will be the cost of caring for my loved one?
Find out the cost for different caregiving options for you or a loved one with the Cost of Care Map. This map gives you a complete breakout of daily, monthly and annual caregiving costs by state and by types of care.
I used the map tool to go to get the cost of long term care by state for Michigan. You really should give it a try for your state, as well.
Image provided by Genworth Financial
Did the cost of Long Term Care by State, for your state, surprise you? How will you meet those costs?
I don’t intend to even try. My hubby is 71 and I’m 51: I have no close relatives and no kids, I have minimal job skills. My plan of longterm survival is to find an Amish or Mennonite community when my husband passes on; it will mean giving up the modern life amenities, but at least I would die well cared for.