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WHAT IS THE COST OF LONG TERM CARE SERVICE?

Before discussing the cost of Long Term Care, individuals should be aware that Medicare does not pay for most of the LTC services and while some people qualify for Medicaid, most people won't (needles to mention, qualification for Medicaid will require nearly all of your assets to be depleted.)

Further more, cost of Long Term Care depends on the following subject matters:

• Type and amount of care you need
• Where you live
• Which provider you use
• The hours of your home care you need (care is more expensive in the evening, on the weekends or during holidays)
• Facilities may charge extra for services beyond basic room-and-board

Considering above mentioned facts, and combining them with the average LTC cost listed below should give a clear understating of the cost of Long Term Care:

• Nursing Home: $187/day for a semi-private room - $209/day for a private room
• Assisted Living Facility: $3,008/month for a one-bedroom unit
• Homemaker Services: $18/hr
• Home Health Aide: $29/hr
• Adult Day Health Care: $59/day
  *(Average 2008 LTC cost)