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

Reference

Publication Date
March 2006
Authors
Genworth Financial

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    • The national average annual cost for a private one-bedroom unit in an assisted living facility is $32,294.40 ($88.48/day). This is a 6.7% increase over 2005 rates. Note–these rates exclude one-time…  
    • 95% of all nursing homes in the United States are Medicare certified.  
    • Certified home care providers charge the most of any home health aides, averaging $36.22 per hour (a 17% increase over 2005). Non-certified but licensed providers charge an average of $22.15…  
    • The average annual rate for home health aides is $25.32. This includes licensed and Medicare-certified home care providers, non-certified but licensed home care providers, and non-certified and non-licensed home care…  
    • The lowest annual cost for a one-bedroom in an assisted living facility is in North Dakota ($20,714 excluding community fees) and Arkansas ($20,937 excluding community fees).  
    • The highest annual costs for a one-bedroom in an assisted living facility are in the Bridgeport area in Connecticut ($57,566.52 excluding community fees) and New Jersey state, excluding the Newark…  
    • The national annual average cost for a one-bedroom in an assisted living facility increased $2,029 from 2005.  
    • On average, the cost of care for a private (single occupancy) room in a Medicare certified nursing home is 17% greater in America’s urban areas than non-urban areas. The greatest…  
    • The national average annual cost for a semi-private room (double occupancy) in a Medicare certified nursing home is $62,532 ($171.32/day). This is a 2.3% increase over 2005 rates.  
    • The lowest average annual cost for a private room (single occupancy) in a Medicare certified nursing facility is in Louisiana and Missouri (excluding St. Louis and Kansas City) at a…  
    • The highest average annual cost for a private room (single occupancy) in a Medicare certified nursing home is in Alaska at a cost of $191,140. The next highest cost is…  
    • The national average annual cost for a private room (single occupant) in a Medicare certificed nursing home increased $1,490 from 2005 rates.  
    • The national average annual cost for a private room (single occupant) in a Medicare certified nursing home is $70,912 ($194.28/day). This is a 2.2% increase from 2005 rates.