What Does Care Cost in the U.S.?
According to Genworth Financial's 2016 Cost of Care Survey conducted by CareScout®, here are the median rates in 2016 for the following types of care in the U.S. However, there are significant variances between states and even between geographic areas within the same state.
National Rates 2016
- Home Health Aide - $21 per hour
- Adult Day Health Care - $68 per day
- Assisted Living Facility - $119 per day
- Nursing Home Private Room - $253 per day
Click here for interactive information by state for detailed costs today and in the future.
The cost of care for assisted living facilities and nursing homes has increased between 3-4% per year over the past five years, depending on the type of facility.
How will your retirement portfolio cover these expenses when you are elderly?
If one spouse needed care, what would the financial impact be on the other healthy spouse?