2011 Cost of Long-Term Care Study Releases Findings

• the national average annual cost of care in the U.S. is $85,775 for a private room in a nursing home
  
• $75,555 for a semi-private room in a nursing home
  
• $39,240 for an assisted living facility
  
• The average cost of care received at home was approximately $20 per hour.

• The 2011 average cost of a private nursing home room ($235 a day/ $85,775 annually) has risen an average 3.5 percent per year.

• The 2011 average cost of a semi-private nursing home room ($207 a day/ $75,555 annually) has risen an average 3.2 percent per year.
  
• The 2011 average cost for a month in an assisted living facility ($3,270 a month/ $39,240 annually) has risen an average 3.4 percent per year.
  
• The 2011 average cost for a home health aide ($20 hourly/$37,440 annually) has risen an average 1.3 percent per year.

Hey folks. It ain’t cheap and as I have been harping on you, paying for it will ultimately be your responsibility. Start researching long-term care insurance options as well as a little know Assurance Benefit that can convert your life insurance into a long-term benefit. Look for a detailed blog on that in the future.