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New Study Reveals Most Expensive States For Long-Term Care

By Ted - February 24, 2015

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Every day, more than 10 thousand Americans turn 65. And as members of the baby boomer generation reach that age and beyond, more and more of them are seeking out post-retirement living options to help ease responsibility or to get help managing their day-to-day lives. However, for many, getting long-term care can come down to cost, and as a recent report by the Long Term Care Group shows, those costs can be quite burdensome in some states.

Developed by taking data from 35,000 provider surveys -- including 8,500 nursing homes, 12,500 assisted living facilities, and 13,000 home care providers -- the annual study reveals some interesting findings about the cost of long term care in the US:

1. Assisted living facilities are coming around as the most popular form of long-term care in the country. The study showed that 45% of people needing long-term care chose an assisted living facility in 2013, compared to 20% in 1996.

2. The average cost of of a one bedroom unit in an assisted living facility in the United States is $50,940 a year.

3. The cost of enrolling in an assisted living facility (ALF) is most expensive in Washington D.C., where you shouldn't be surprised to find a one bedroom space for almost twice the national average, at upwards of $97,000 a year.

4. The top ten most expensive states to enroll in an ALF are:

  • Washington DC
  • New Jersey
  • Alaska
  • Massachusetts
  • Connecticut
  • Maine
  • Maryland
  • Delaware
  • Hawaii

5. The cost of daily rates of nursing homes are on the rise, with Alaska leading the way starting at $466 a day per day.

6. You'll find the highest national nursing home rates in the following 10 states:

  • Alaska
  • Connecticut
  • Massachusetts
  • Washington DC
  • New York
  • New Jersey
  • Hawaii
  • Vermont
  • North Dakota
  • California

7. Home healthcare is most expensive to get in Iowa, where care workers make an average of $30/hr.

8. The 10 states where hiring a home healthcare worker will cost you the most are:

  • Iowa
  • North Dakota
  • Minnesota
  • Wyoming
  • Rhode Island
  • Massachusetts
  • Alaska
  • Colorado
  • California
  • Hawaii
  • For more information regarding LTCG’s Cost of Care Study, contact Adam Hoffman at 317.706.8118 or adam.hoffman@LTCG.com

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