Nursing home costs grow as home health costs stay flat, survey shows

Share this article:
30% of nursing home residents with dementia are undernourished, new global report states
30% of nursing home residents with dementia are undernourished, new global report states

The cost of living in a long-term care facility increased steadily over the last year while home care costs have stayed flat, a new survey finds.

The daily cost for a semi-private skilled nursing facility room grew 3.4% since 2011 to a national median rate of $200 per day, according to a survey conducted by the long-term care insurer Genworth Financial.

The rate for a private SNF room jumped 4.2% since 2011, up to a median daily rate of $222. Assisted living rates saw modest growth at 1.2% since 2011, to a median monthly rate of $3,300. New Jersey came in as the most expensive state for assisted-living facilities, with costs averaging around $5,713 monthly.

By contrast, costs for home health aide services and “homemaker” services, which includes help with cooking or errands saw no growth at all.  According to the Genworth analysis, home care rates stayed low due to “increased competition among agencies and the availability of unskilled labor.”

Genworth said last week it would discontinue some of its long-term care insurance options. Click here to read the full survey results.

Share this article:

More in News

Bill addressing admission status receives praise

A bill that would require hospitals to give patients a formal notice of their admission status has received strong support from healthcare associations.

Increased 'bed taxes' on nursing facilities warrants stricter federal oversight, report states

States have been increasingly taxing skilled nursing facilities and other healthcare providers to fund Medicaid in recent years, and federal authorities should look more closely at this trend, according to a government report released Tuesday.

Last chance: Tech Awards deadline arrives

Last chance: Tech Awards deadline arrives

There are hours left for innovative long-term care providers to enter the third annual McKnight's Excellence in Technology Awards. Submissions will be accepted until the stroke of midnight tonight.