Market Survey of Long-term Care Costs: The MetLife Market Survey – 201... Health and Well-Being

Market Survey of Long-term Care Costs The MetLife Market Survey of Nursing Home Assisted Living Adult Day Services and Home Care Costs – 2011

Full Report

Overview

As of 2011, the national average rate for a private room in a nursing home facility was $87,235 per year. The MetLife Mature Market Institute conducted this survey with LifePlans, Inc. to analyze the base rates of licensed nursing homes, assisted living communities, hourly rates for home health aides from licensed agencies, and daily rates for adult day services across the United States.

Key Points br

The report provides statistical data from the survey findings regarding the national averages of long-term care costs associated with nursing homes, assisted living communities, adult day services, and home care agencies. All 50 states were survey to gather the most accurate data possible. Cities for each state were chosen based on older adult population size and ability to obtain a representative sample of long-term care facilities and service providers in the area. The data collected represents responses from 2,003 nursing homes, 1,494 assisted living facilities, 1,341 adult day centers, and 1,644 home care service agencies.

Survey highlights include:
The majority of licensed nursing homes and assisted living communities offer specialized care services for older adults with Alzheimer’s or dementia.
The average age of residents in assisted living communities is 86.9 years old, and the median length of stay is 25.6 months.
Many assisted living communities, such as continuing care retirement communities (CCRC), offer multiple levels of care for older adults as they age ranging from independent living to full nursing home care.

How to Use br

The report offers an in-depth analysis of the costs associated with different long-term care options for older adults including nursing homes, assisted living communities, adult day services, and home care services. Additionally, services typically offered by these different care options are outlined throughout the report. Planners and local officials can use the datagathered in this report to gain an understanding of the costs oflong-term carefacilities and services, as well as the financial implications for seniors intheir communities.
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