Cost of Care Survey: Nursing Homes, Assisted Living Facilities and Home Care Providers

March 2006 Cost of Care Survey: Nursing Homes, Assisted Living Facilities & Home Care ProvidersConsumer Perception of Long Term Care Costs Americans generally know long term care is expensive and costs are rising. In fact, 63% expect the cost of long term care to rise faster than inflation. Thirty-four percent (34%) of consumers believe nursing home care costs more than $75,000 a year, when the actual cost is around $70,000. Typically, those needing long term care would like to remain in their own homes, however, most people underestimate the cost of in-home health care. More than . . .