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Clearly Long Term Care services are very expensive. Since quality nursing
homes are always filled to capacity, they are consequently able to command
a higher fee for the services they provide.
"A year in a nursing home now averages more than $40,000 and can exceed
$100,000 annually in some parts of the country."
The Wall Street Journal 3/31/99
People preferred to receive their care in the home if at all possible
however it is also expensive. The cost of bringing a home health aide
into your home every other day for a 4 hour visit can easily run $1800
per month. When the needs of a care recipient approach an 8 hours day,
the costs rise to $7200 per month. At this point, the economic burden
dictates the care recipient would be better served receiving facility
based care.
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Long-Term Care
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Supplement
