A recent survey of the Cost of Care by Met Life found the following:
- The national average daily rate for a private room in a nursing home rose 4.4% from $229 in 2010 to $239 in 2011.
- The national average monthly base rate in an assisted living community rose 5.6% from $3,293 in 2010 to $3,477 in 2011.
- The national average daily rate for adult day services rose 4.5% from $67 in 2010 to $70 in 2011.
- The national average hourly rates for home health aides ($21) and homemakers ($19) were unchanged from 2010.
Nursing homes cost an average (national average) of over $7000.00 per month.
It is extremely important that you plan for Long Term Care expenses as well as protecting your assets.
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