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LTC Costs Keep Going Up, Up, Up

The national average rates of long-term care in the United States kept rising in 2012. That’s the word from the most recent data from MetLife Mature Market Institute.

The average daily cost of a semi-private room in a nursing home rose 3.7 percent in 2012 – to $222 or $81,030 a year from $214 daily or $78,110 a year in 2011. Assisted living base rates went up also, by 2.1 percent – to $42,600 a year – and the average rate for a homemaker increased by 5.3 percent to $20 per hour from $19. Only rates for home health aides and adult day services didn’t budge. They stayed at $21 per hour and $70 per day, respectively, the researchers say.

Compared to five years ago, all five categories showed increases, even costs for home health aides and adult day services. Takeaway: All this could help make the case for buying longterm- care coverage.

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