Article published by : hellisi on Tuesday, August 07, 2012 - Viewed 868 times


Category : Insurance

If the Cost of Care is Low, It’s Not America

Long term care costs by state increase year after year so it’s a waste of time trying to figure out which region has the lowest long term care (LTC) costs so that you can move there. Truth is, you’re better off where you are.

There is absolutely no state in the country that offers cheap LTC services. If there is, then this is not America. To be able to avail low-cost care you need to have a good LTC plan and what better time to start your plan than today while you’re young and earning a hefty paycheck.

In LTC planning the very first thing that you have to consider is the amount of care that you will need 30 or 40 years from now and the only way that you can do this is by identifying what may befall your health in the future. If you are genetically predisposed to a chronic disease then your chances of requiring skilled nursing care is high, thus you have to keep abreast of nursing home rates in your area.

Studying the cost of care in your state of residence is one thing but familiarizing yourself with the costs of LTC settings in the exact area where you live is another. Based on studies, the cost of care in every state is contingent on the population that requires LTC and the availability or accessibility of LTC facilities such as nursing homes, assisted living facilities, hospice care.

However, in some cities or counties of a state there are more residents and an increased demand for care that is why the rates of LTC facilities are higher than those on the statewide level.

Long Term Care Costs by State

Although it is more important to familiarize yourself with the cost of care where you live, you have to know first the average LTC cost of the state as this will serve as your guide.

For example, the cost of care in New Hampshire, which happens to be among the most expensive states for care, has surpassed the national average. A day’s stay in a private nursing home room in the said state will cost $288 as opposed to $222 on the national level.

The cost of assisted living facilities in New Hampshire has also gone up at $4,000 while in Manila it’s only $3,300.

Even in-home care services in New Hampshire require residents to shell out chunks of dollars. For instance, a home health aide in this state would charge an hourly rate of $24 as opposed to $19 on the national level. Should the in-home care recipient require homemaker services then she would have to pay for a personal care assistant which has an hourly rate of $23 while nationally it’s $18.

The cost of care in your area will greatly impact your LTC plan so before finalizing anything see to it that you have identified the level of care that you will potentially require so that you can compute your personal LTC costs.

Long term care costs by state will quadruple in less than 20 years, so start planning your future to spare your family from possible impoverishment.


Keywords: long term care quote, long term care insurance costs

By: hellisi

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