Long Term Care Costs - Spokane, North Idaho News & Weather KHQ.com

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Long Term Care Costs

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The average lifetime per capita expenditure for Long Term Care at age 65 is $47,000
Source: kemper, Komisar & Alecxih, Inquiry, Vol. 42. Winter 2005/2006

 

What is the average cost, per year, for Long Term Care?

Nursing Home Care - $74,095

Assisted Living - $34,860

Home Care

  • Home Health Aide - $19/hour
  • Homemaker/Companion - $17/hour

Source:  The MetLife Market Survey of Nursing Home & Home Care Cossts in 2005 and Assisted Living in 2005, which includes private pay rates and services provided by home health agencies

Expenses Faced for Long Term Care:

Elderly Spending

 

Impact of Aging Baby Boomers over the next 40 years:

Elderly with Disabilities

The next steps:
Importance of Planning

What you can do now!

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