April 29, 2008
Long-term care costs jump in ME
The cost of long-term health care in Maine increased 19% in the past five years, according to an annual study by Genworth Financial.
The Richmond, Va.-based financial security firm's Cost of Care Survey found that Maine's increase in long-term care costs since 2004 have increased more than the 17% national average, according to a press release. A private one-bedroom unit in an assisted living facility in Maine has an average annual price of $49,240, while the U.S. average is $36,090. The average yearly cost for a home care provider in Maine of $47,545 also is higher than the national average of $43,884.
Genworth Financial surveys more than 10,000 nursing homes, assisted living facilities and home care providers nationwide every year for its Cost of Care Survey, according to the release.
The Richmond, Va.-based financial security firm's Cost of Care Survey found that Maine's increase in long-term care costs since 2004 have increased more than the 17% national average, according to a press release. A private one-bedroom unit in an assisted living facility in Maine has an average annual price of $49,240, while the U.S. average is $36,090. The average yearly cost for a home care provider in Maine of $47,545 also is higher than the national average of $43,884.
Genworth Financial surveys more than 10,000 nursing homes, assisted living facilities and home care providers nationwide every year for its Cost of Care Survey, according to the release.
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