Home Health Care Costs Rising, But Not as Fast as Nursing Homes and Assisted Living Facilities

A new study from Genworth Financial revealed that the costs of long-term care delivered in the home are rising, but not nearly as sharply as the costs of nursing homes and assisted living facilities.

The study, titled "2010 Cost of Care Survey," contained the following key findings:

• For licensed homemaker services: The national median hourly rate is $18, which is an increase of 3.0% over 2009. There has been a five-year annual growth of 2.4%.
• For licensed home health aide services, the national median hourly rate is $19, and there was a 2.7% increase over 2009. The five-year annual growth rate is 1.7%.
• For adult day health care, the national median daily rate is $60, which represents a 12.0% increase over 2009. The five-year annual growth figure wasn't available.
• For a one-bedroom/single occupancy living area in an assisted-living facility, the national median monthly rate is $3,185, up 12.0% over 2009. There has been a five-year annual growth of 6.7%.
• For a semi-private room in a nursing home, the national median daily rate is $185, up 5.7% over 2009. The five-year annual growth is 4.6%.
• For a private room in a nursing home, the national median daily rate is $206, up 5.1% over 2009. The five-year annual growth is 4.5%.

To learn more about the study and review more in-depth findings, click here.