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The Costs of Long Term Care
The cost of nursing homes averages about $153.00 a day- $53,845 a year for semi-private care. Home visits by a nurse averages $100 dollars daily depending on regional rates and the length of visits. Adult day care can cost as much $15,000 a year. Assisted living facilities can cost as much as $1,500 a day or $4,000 a year.
The cost of prescription drugs and other care related supplies are usually billed separately and are not included in the cost listed above.
Future Nursing Home Annual Cost Predictions assuming a 5% inflation rate are as follows;
In 10 years $86,684.
In 20 years $141,118.
In 30 years $229,866
