Eldercare costs are up by 3.5%

Share this article:
Long-term care facilities are increasing their room charges. But this year's increase is still less than cost increases for other types of goods and services, results of a new survey reveal.

According to a report from John Hancock Financial, which surveyed more than 11,000 nursing homes, assisted living facilities and home health agencies across the United States, the average charge for a private nursing home bed in 2011 rose 3.5%, to $85,775 annually. The average cost of a semi-private nursing home room bed grew 3.2%, to $75,555.

Hancock calculated a nine-year average based on data gathered from providers for the 2002, 2005, 2008 and 2011 Cost of Care surveys. Comparatively, the gasoline index has increased 27.5% in the last 12 months. Additionally, the food-at-home index has gone up  3.6%, according to the Bureau of Labor Statistics.

The average cost charged for an assisted living bed increased 3.4% per year, to $39,240. The average cost of a home health aide has gone up 1.3%, to $37,440, according to the John Hancock survey.
Share this article:

More in News

Nursing home antipsychotic use has dipped nearly 19% under national effort, latest figures show

Nursing home antipsychotic use has dipped nearly 19% ...

The percent of long-stay nursing home residents receiving antipsychotic medication has decreased 18.8% under a nationwide initiative that started in 2012.

Jimmo succeeds in getting Medicare coverage, two years after landmark case ended

Glenda Jimmo has reached a settlement with the federal government and will finally receive Medicare coverage for claims that were denied in 2007, which led her to file a class-action lawsuit over the so-called "improvement standard."

Breier named new CEO at Kindred

Breier named new CEO at Kindred

Kindred Healthcare announced Thursday that it has chosen a new top executive to lead its push toward creating a mammoth national brand. Benjamin A. Breier, the company's current president and ...