CURRENT NURSING HOME COSTS-the average cost of a nursing home, today, is $5,000-$10,000/month. And New York has costs already exceeding $130,000 per year. Married couples are more likely to need the benefit because if you price some nursing homes in your area, you need to ask a serious question of yourself. What would happen to your spouse if they had to pay for their standard living expenses as well as the nursing home costs?
CURRENT ASSISTED LIVING COSTS-to live in an assisted living facility, where the level of care is not as intensive as a nursing home, the costs are still significant and can run up to $50,000 per year for a quality, one-bedroom residence at one of these facilities.
CURRENT HOME CARE COSTS-the national average cost of part-time basic home care runs about $16-$17 per hour. Skilled care provided by a nurse is more expensive than care provided by a home health aide. Both costs vary based on the number of days per week the caregiver visits, the type of care required and the length of the visit.
