It is estimated that no more than a third of Americans plan for long term care, though about 70 percent need it at some point after age 65.
The U.S. Department of Health and Human Services offered some estimates of long term care expense in 2010:
• $205 per day or $6,235 per month for a semi-private room in a nursing home
• $229 per day or $6,965 per month for a private room in a nursing home
• $3,293 per month for care in an assisted living facility (for a one-bedroom unit)
• $21 per hour for a home health aide
• $19 per hour for homemaker services
• $67 per day for services in an adult day health care center
The cost of long-term care depends on the type and duration of care one needs, the provider, and where one lives. Costs can be affected by:
• Time of day. Home health and home care services, provided in two-to-four-hour blocks of time referred to as “visits,” are generally more expensive in the evening, on weekends, and on holidays.
• Extra charges for services provided beyond the basic room, food and housekeeping charges at facilities, although some may have “all inclusive” fees.
• Variable rates in some community programs, such as adult day service, are provided at a per-day rate, but can be more based on extra events and activities.