Since 2002, the MetLife Mature Market Institute has collected national survey data on nursing home, assisted living, and home care costs, adding adult day service costs in 2007. And the most recently released survey information from MetLife indicates rising long term care costs across the nation as well as in the state of Ohio in 2012. Unfortunately, recent data also tells us that the cost of long-term-care continues to rise faster than the national inflation rate.
MetLife surveyed approximately 6,700 long-term-care providers, reviewing base costs as well as bundling of costs with add-on services such as transportation and extra meals. In Ohio, long-term-care providers in larger cities such as Cincinnati, Cleveland, and Columbus were surveyed as well as other smaller towns in the state. Average costs of care in Ohio were recorded as follows:
- Adult day services: $56/day or $20,440/year
(Annual rates for adult day services are based on 5 days per week)
- Assisted living: $3,512/month or $42,144/year
- Home care (homemakers, home health aides): $19/hour, $380/week or $20,520/year
(Annual rates for home care are based on 4 hours per day, 5 days per week.)
- Nursing home semi-private room: $203/day or $74,298
- Nursing home daily rate private room: $225/day or $82,350
To learn more about the rising costs of long-term-care, read The Wall Street Journal article “The Cost of Living Longer” or explore the Department of Health and Human Services National Clearing House for Long Term Care Information.