Silver Book Fact

The national annual average cost for a one-bedroom in an assisted living facility increased $2,029 from 2005.

Genworth Financial. Genworth Finanical 2006 Cost of Care Survey: Nursing homes, assisted living facilities and home care providers; March 2006

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • In 2006, health care costs for Medicare enrollees age 65 and older were: 25% for inpatient hospital care 16% for prescription drugs 35% for physician/outpatient services 13% for long-term care facilities  
  • 2/3 of Medicare expenditures are for the 9.5 million beneficiaries who have 5 or more chronic conditions.  
  • The national median rate for homemaker (or personal care assistant) services in 2011 was $18/hour.  
  • A larger proportion of older community residents who received personal assistance were relying entirely on their informal caregivers in 1991 than in 1994 (2/3 compared to 57% in 1994) as…  
  • The national median rate for assisted living facilities in 2011 was $3,261/month.