Genworth recently updated data about the cost of various services in the aging continuum of care. åÊ Overall, while the cost of care among all care providers has steadily increased,the cost of facility-based providers has grown at a much greater rate than that for home care. åÊ Here is how...
Tag: assisted living costs
Nursing Home Costs Top $84,000 a Year (VIDEO)
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Nursing Home Costs Top $84,000 a Year
The Genworth 2013 Cost of Care Survey shows that the cost of receiving care in a setting such as an assisted living facility or nursing home is dramatically increasing, while the cost to receive care at home through homemaker services or a home health aide is rising at a much...
Emeritus Senior Living has partnered with Life Care Funding Group LLC
Emeritus Senior Living has partnered with Life Care Funding Group LLC to educate seniors about the financing options available for covering long-term care, including assisted living. Emeritus, one of the largest assisted living chains, entered the alliance to raise awareness of the Assurance Benefit offered by Life Care Funding, Portland,...
Cost of Assisted Living May Be Tax Deductible
The cost of assisted living may be deductible on Federal income tax returns. The IRS has certain guidelines to determine eligibility. The cost of housing and meals and certain personal care services may be deductible; the determining factor is generally the inability to perform at least two activities of daily...
Long-Term Care Insurance Deductibles Increase in ’11
Jesse Slome, executive director of the American Association for Long-Term Care Insurance (AALTCI), issued a release yesterday that says The Internal Revenue Service (IRS) has announced increased deductible levels for long-term care insurance policies that will be purchased in 2011. The deductible limits under Section 213(d)(10) for eligible long-term care...
Nursing Home Rates Rising – Only Will Get Worse
According to the MetLife Mature Market Institute, the average nursing home rate is $229 per day, or $83,585 per year. The increase follows a 3.3% increase from 2008 to 2009. The highest average daily nursing home rates are in Alaska; lowest in Louisiana. Rates for a private room in an...
What the Animals Can Teach Us About Leadership
A recent trip to the Serengeti in Africa can shed some light on leadership through the eyes of the majestic animals we had the pleasure to see.[embed_youtubebr />[embed_youtubebr />[embed_youtubebr />[embed_youtubeobject style=”background-image: url(http://i3.ytimg.com/vi/RAiKJbi_Fw8/hqdefault.jpg);” height=”295″ width=”480″>[embed_youtubeparam name=”movie” value=”http://www.youtube.com/v/RAiKJbi_Fw8&hl=en_US&fs=1″>[embed_youtubeparam name=”allowFullScreen” value=”true”>[embed_youtubeparam name=”allowscriptaccess” value=”always”>[embed_youtubeembed src=”http://www.youtube.com/v/RAiKJbi_Fw8&hl=en_US&fs=1″ allowscriptaccess=”never” allowfullscreen=”true” wmode=”transparent” type=”application/x-shockwave-flash” height=”295″ width=”480″>[embed_youtube/embed>[embed_youtube/object>
Long-Term Care Costs Rose in 2009; Another Reason to Consider Your Alternatives
The 2009 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs shows that private room nursing home rates rose 3.3% to $219 per day or $79,935 per year, while assisted living base rates also rose 3.3% on average to $3,131 per month. Home healthcare...