Cost of Care Survey by Met Life

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.

If you have any questions on Asset Protection, Medicaid (North Carolina) or VA Aid and Attendance Benefits, please write rick.messemer@wgalaw.com