New study on nursing home and home health care costs released

Each year the MetLife Mature Market Institute conducts a market survey of nursing home and home care costs in the United States. The 2006 survey, conducted by telephone in 87 major markets in all 50 states and the District of Columbia by LifePlans, Inc., found that:

• The national average daily rate for a private room in a nursing home is $206, or $75,190 annually.
• The national average daily rate for a semi-private room in a nursing home is $183, or $66,795 annually.
• The national average hourly rate for home health aides is $19.
• The national average hourly rate for homemakers/companions is $17.

The study can be found at the link below.