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Medicare doesn't pay long-term-care costs.
These are 2014 costs. They are rising 3 to 5% per year. Independent Living $60,000 (NJ: 1bdrm 2,800/mo.;2 bdrm 3,800/mo Continuing Care Retirement Communities, or CCRCs. you spend several hundred dollars to by your unit and still may pay a monthly fee. You get 80-100% bak when you move out, but sometimes not until it is refilled. Assisted Living $33,000-$65,000 private bedroom $36,000 - $76,000 In-Home Health Care 8 hrs $57,000 ($40,000 - $70,000) 24 hrs. $70,000 -$170,000 (I have a friend who got someone for $40,000) Health Aid $18-$30/hr Homemaker $28-$25/hr Nursing Home $72,000 - $110,000 Memory care center $120,000-$150,000 California Home Health Aid $54,600 (44 hrs/week) Assisted Living private 1 bdrm $45,000 Nursing Home Semi-private room $86,800 (private room $104,000)Terms:
Continuing Care Retirement Community
- A community that offers several levels of assistance, including independent living, assisted living and nursing home care.
Home Health Care
Independent Living (Elderly housing)
See Senior Living
Long-Term Care Insurance
Medical Services Costs
Understanding Assisted Living: Rental vs. Ownership (Pros and Cons) | Arbor
The Cost Of Elder Care : NPR
Long-term care cost and your choices | Bankrate, Inc.
Assisted Living Costs: Facts & Figures by state
Elder Care Costs Compared: In-Home Care, Assisted Living, Nursing Homes | aPlaceForMom.com
Medicare.gov: the official U.S. government site for Medicare
Cost of Assisted Living | Elder Care or Nursing Homes | Assisted Living Federation of America (ALFA)