Over time, you may need different levels of care. The costs below are from Genworth, a company that provides long-term care insurance. It routinely researches these costs in all parts of the country. You can access their results at Genworth.com to see costs in your area.
Home Health Care: Most people want to stay in their homes for as long as possible. This can often be accomplished by hiring caregivers to provide help and services. Companions can provide social interaction and help with housekeeping, errands, meal preparation and medication supervision. Personal care aides provide hands-on assistance with personal hygiene, dressing and moving to different rooms. Licensed or registered nurses can provide skilled medical care. In-home care is available to even those with advanced needs.
The national median cost for a home health aide working 44 hours a week is over $46,000 per year. Actual costs will depend on the level of care and number of hours needed.
Adult Day Care Centers: These provide care and companionship for older adults who need supervision during the day. They may provide social activities, meals, physical therapy and medication supervision. This is an option when family caregivers need to work or just need a break. Annual median cost is almost $18,000 per year.
Assisted Living: These are residential facilities for seniors who need some assistance with activities of daily living (ADLs), such as bathing, dressing, and eating. Assisted living facilities typically provide all meals, a private or semi-private room or apartment, medication supervision, housekeeping, social activities, 24-hour staff and security. Annual median cost is over $44,000 per year.
Nursing Homes: These provide around the clock nursing care. Annual median cost is more than $82,000 per year for a semi-private room; over $92,000 per year for a private room.