What is the average cost of nursing home care?
The average price range of assisted living is about $3000-$3500 per month. This range would include basic care plus meals and lodging. To reside in a skilled nursing facility with extensive specialized health care the average cost nearly doubles to around $200/day or $6000/month. If you desire the specialized nursing care but do not require the housing aspect then you might be better suited hiring an in-home health care provider for around $3000-$3500 per month. This would cover the cost of hiring a full-time licensed nurse to provide in-home care for roughly 40 hours per week.
This cost will vary based on location and based on the care needs of the individual in the home. For example, the care for the latter stages of a disease such as Alzheimer’s will get very expensive in most nursing homes. A reasonable national average is approximately $ 5,000 per month, and there is range of costs from about $ 4,000 per month in lower cost areas to over $10,000 per month in other areas. As the demand for these facilities continues to rise with the increasing number of seniors, we expect this cost to continue increasing as well. As a result of the high cost of long-term care, it is increasingly important for clients to see a qualified elder law attorney, like The Bell Law Firm, to proactively plan how they will manage their long-term care costs. If an individual waits too long and fails to plan, then their planning options become very limited and their assets are quickly depleted.
