Survey reports higher long-term care costs

Share this article:
Long-term care facilities are increasing their room charges, although less than other goods and services, according to a new survey.

The average cost charged 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 grew 3.2%, meanwhile, to $75,555. All figures are according to a report from John Hancock Financial, which surveyed more than 11,000 LTC providers across the United States. Comparatively, the gasoline index has risen 27.5% in the past year, and the food at home index has risen 3.6%, according to the Bureau of Labor Statistics. Hancock calculated a nine-year average based on data gathered from providers for the company's 2002, 2005, 2008 and 2011 Cost of Care surveys.

In addition to nursing homes, the average cost charged for an assisted living facility grew 3.4% per year, to $39,240, while the average cost of a home health aide has risen 1.3% per year, to $37,440. John Hancock, through its insurance companies, is one of the largest life insurers in the United States.

Share this article:

More in News

Bulk of Medicaid to be managed care in two years: Avalere

Bulk of Medicaid to be managed care in ...

More than three-quarters of Medicaid beneficiaries will be enrolled in a managed care plan as of 2016, according to an Avalere Health analysis released Thursday. The numbers reveal that managed ...

Nursing home asked for employee's personal information too often, jury rules

The human resources department of a Maine nursing home did not properly protect a former employee's personal identification information, a jury recently ruled.

Test could confirm sepsis within an hour

Nursing home residents might benefit from a new way of diagnosing and treating sepsis made possible by discoveries out of the University of British Columbia.