Genworth Study Addresses At Home Care Costs in North Dakota
The Company noted that on a national level, the survey shows a dramatic increase in facility based care, including assisted living and nursing home facilities, while the cost to receive care at home through a home health aide is rising at a more moderate growth rate.
"There is something very difficult about facing some of the challenges and issues that come with aging, including the high costs of long term care services," said
In a release,
Rising Cost of
Nationally, the 2015 median hourly cost for services of a home health aide hired from a home care agency is
By comparison, the median annual cost for care in an assisted living facility is
Planning today can help save families from facing a crisis tomorrow. Having the right talk, the right way, at the right time, can ease the emotional and financial pressures of planning for long term care needs. Knowing the cost of long term care services and the financing options available can help Americans age gracefully in the setting where they are most comfortable.
Learn what financing options are appropriate for your needs:
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-If you qualify, private payment options such as long term care insurance, linked benefits products or long term care riders on other insurance can help fill the gap between public assistance and the high cost of long term care services. For more information please visit https://www.genworth.com/long-term-care-insurance/ source/get-the-facts/options.html.
-Saving for long term care on your own can be difficult and take years to accumulate funds. To learn more information and see if self- funding will take care of your long term care needs please visit https://www.genworth.com/long-term-care-insurance/source/make-a- plan/payment-options/self-funded.html.
Keep in mind that individual plans can combine several of these approaches.
More information:
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