Costs to Consider

Long-term care costs have been growing faster than all other health care costs over the last 50 years, and that trend is expected to continue.

What is the cost of various long-term care options? Care may be provided in three locations. The first is your home, where you may receive personal care or skilled care services. The second is at the site of community organizations that you visit to receive services. The third is a residential facility in which you live full time. The cost of services depends on their location and frequency. Four hours per day of personal care in your home costs $3,422 per month in 2016 and is projected to cost $4,407 in 2031. Four hours of skilled care per day in your home costs $3,432 per month in 2016 and is projected to cost $4,047 in 2031. A private room in an assisted living facility costs $3,336 in 2016 and is projected to cost $7,469 in 2031. A semi-private room in a nursing home costs $3,961 in 2016 and is projected to cost $5,574 in 2031. A private room in a nursing home costs $5,111 in 2016 and is projected to cost $7,177 in 2031. A private room in a memory care residential facility costs $4,520 in 2015 and is projected to cost $6,320 per month in 2030.

*Long-term care costs compiled by Genworth Financial. https://www.genworth.com/about-us/industry-expertise/cost-of-care.html

**2015 costs provided by senior living centers and compiled by SeniorHomes.com. 2030 costs are based on average cost increases projected for long-term care. http://www.seniorhomes.com/p/alzheimers-care-costs

View text version of infographic.

What is the cost of various long-term care options? Care may be provided in three locations. The first is your home, where you may receive personal care or skilled care services. The second is at the site of community organizations that you visit to receive services. The third is a residential facility in which you live full time. The cost of services depends on their location and frequency. Four hours per day of personal care in your home costs $3,422 per month in 2016 and is projected to cost $4,407 in 2031. Four hours of skilled care per day in your home costs $3,432 per month in 2016 and is projected to cost $4,047 in 2031. A private room in an assisted living facility costs $3,336 in 2016 and is projected to cost $7,469 in 2031. A semi-private room in a nursing home costs $3,961 in 2016 and is projected to cost $5,574 in 2031. A private room in a nursing home costs $5,111 in 2016 and is projected to cost $7,177 in 2031. A private room in a memory care residential facility costs $4,520 in 2015 and is projected to cost $6,320 per month in 2030.

*Long-term care costs compiled by Genworth Financial. https://www.genworth.com/about-us/industry-expertise/cost-of-care.html

**2015 costs provided by senior living centers and compiled by SeniorHomes.com. 2030 costs are based on average cost increases projected for long-term care. http://www.seniorhomes.com/p/alzheimers-care-costs

View text version of infographic.

Costs can vary depending on where you live.

Learn about long-term care costs External Link in various parts of the country and how much they are expected to grow.

Are you covered?

Medicare doesn’t cover long-term care. Neither do health or disability insurance. Check below to see your insurance options.