A new survey by the long-term care insurer, Genworth Financial, reports that over the past year costs have increased for living in a long-term care facility, while home care costs have stayed flat.
According to an article on McKnights.com, the daily cost for a semi-private room increased 3.4% since 2011, while the rate for a private room increased 4.2%. New Jersey had the most expensive rate for assisted-living facilities, with costs around $5,713 per month.
But costs for home health aide services, such as cooking or running errands, saw no increase at all. According the the Genworth report, home care rates are low because of “increased competition among agencies and the availability of unskilled labor.”