According to a 2007 Metlife survey of health care costs in the United States, the average annual nursing home cost is $77,745, assisted living with Alzheimer’s care costs average $52,240 annually, and home health services cost an average of $19 per hour, which if one assumes 40 hours a week, adds up fast to $39,520 annually.
With an average length of stay in a nursing home estimated at almost 2 ½ years, a family will pay on average over $186,500.
Senior living decisions are often made in crisis mode, and that means that less research can go into making a senior care decision than planning for a vacation.
The three keys to a successful senior decision are to:
1) Investigate, 2) Evaluate, and 3) Stay Involved.
1) Investigate options through the experiences of family members, friends, and other consumers; when you can narrow the choices to two or three it is time to 2) Evaluate through a personal visit and by asking to speak with current customers; and then once a provider is selected, one must 3) Stay involved through visits and check-ins with administrators and other staff.