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The 2006 average daily rate for a private room in a
nursing home is $206 ($75,190 annually)1
- a 6.8% increase from the 2004 rate of $192. |
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The 2006 average
daily rate for a semi-private room in a nursing home is
$183
($66,795 annually)1
- a 7.7% increase from the 2004 rate of $169.
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By 2007, a private room will cost over $250 per day ($94,000
annually).2 |
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In 2000, the annual cost estimates for adult day care were
$13,000 and $25,300 for assisted living.3
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By 2030, many retirees will not have enough income and assets
to cover basic expenditures or any expenses related to a nursing
home stay or service from a home health provider.4
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More than half of the US population
will require long term care at some point in their lives.5 |
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One out of five Americans over the age of 50 is at risk of
needing long term care in the next 12 months.5 |
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For couples 65 and over, there is a 75%
likelihood that one partner will need long term care.6
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60% of people over age 75 will need long term care and need care
for approximately 3 years.7 |
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There's a 68% probability that people age 65 and over will
become disabled in at least two activities of daily living or of
being cognitively impaired.8 |
