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The cost of long term care varies greatly across the country. Several insurance carriers survey nursing homes, assisted living facilities and home health care providers on a regular basis and make the information available.
For instance, a study by Genworth, a leading carrier of LTC insurance, determined the 2010 average annual cost of a private room in a nursing home in Asheville, NC to be $75,738 per year. The Atlanta area is slightly lower at $62,134 per year, and in Manhatten, the cost is a whopping $167,630 per year.
Home care costs will vary based on the number of hours of care utilized and the level of care needed.
As you can see, the resources required vary based on where-geographically-you want to receive care. They also depend on whether you receive care at home, in an assisted living facility or in a nursing home. Click on this link to get information from the Genworth study about locations other than Asheville.
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