The average daily rate for adult day care is less than 1/2 of assisted living, 1/3 of home care and almost 1/4 of nursing home care.
https://www.payingforseniorcare.com/longtermcare/costs.html
Cost of Nursing Home Care - State by State. Prior to a discussion of the financial options available to help pay for nursing home care, it is helpful to understand the costs involved. In 2016, the national, daily average for nursing home care for a shared room was $225. The least expensive states are located in the Southeastern US and Mid-West where the daily cost was closer to $160.
https://www.payingforseniorcare.com/longtermcare/paying-for-nursing-homes.html
Skilled Nursing Residences offer 24/7 care by licensed health professionals including all housekeeping, medical and social needs. In 2015, the average amount being paid for a shared room is $220 / day with different state averages ranging from $140 - $771 / day. A shared residence usually costs 80-90% of a private one. Find affordable skilled nursing homes.
https://www.payingforseniorcare.com/longtermcare/costs.html
Costs you may face. The average costs for long-term care services in the United States are: $220 per day or $80,300 per year for a semi-private room in a nursing home. $250 per day or $91,250 per year for a private room in a nursing home. $3,600 per month or $43,200 per year for basic services in an assisted living facility. $20 per hour for a home health aide.
http://www.alz.org/care/alzheimers-dementia-common-costs.asp
Discovering The True Cost Of At-Home Caregiving. Discovering The True Cost Of At-Home Caregiving. Maryland resident Ida Christian, 89, began showing symptoms of Alzheimer's disease in 2009. Her condition demands around-the-clock care. Ida's husband of 42 years, Frank Christian Jr., passed away in 1990.
http://www.npr.org/2012/05/01/151472617/discovering-the-true-cost-of-at-home-caregiving
Adult Day Health Care - daily rate multiplied by 5 days per week, multiplied by 52 weeks. Assisted Living Facility - monthly rate multiplied by 12 months. Nursing Home - daily rate multiplied by 365 days. 2 Represents the compound annual growth rate based on Genworth Cost of Care Survey data from 2010 to 2015. Data is rounded to the nearest percentage point. *Hourly, daily and monthly rates are rounded to the nearest whole dollar.
https://www.genworth.com/dam/Americas/US/PDFs/Consumer/corporate/cost-of-care/118928CO_040115_gnw.pdf
Medicaid, through its state affiliates, is the largest single payer for nursing home care. While estimates vary, it is safe to say that Medicaid pays at least 40% of the total nursing home costs in the United States.
https://www.payingforseniorcare.com/longtermcare/paying-for-nursing-homes.html
Studies estimate that 2 out of 3 informal caregivers are women, many of whom are middle-aged mothers with children or adult children living in their households. The cost of putting a parent into professional assisted-living care can be daunting. MetLife says that kind of care averages about $42,000 a year. A private room in a nursing home averages more than $87,000. But the cost of keeping a relative at home can be very high too. The MetLife report said that for the typical woman, the lost wages due to dropping out of the labor force because of adult caregiving responsibilities averages nearly $143,000.
http://www.npr.org/2012/05/01/151472617/discovering-the-true-cost-of-at-home-caregiving
Typically they visit a home several times a week for visits lasting from 2 – 8 hours. In 2015, the national average for non-medical, in-home care is $20 / hr with different state averages ranging from $15 - $26 / hr. It should be noted these are average costs from home care agencies. Private individuals can be retained to provide some of the same services with fees 20-30% lower.
https://www.payingforseniorcare.com/longtermcare/costs.html
The benefits that Medicare offers toward the cost of nursing home care are limited. Medicare is not intended to provide a long term care solution rather it is designed for those who need skilled nursing care for a limited time. As such, Medicare will pay for twenty days of care at 100% of the cost.
https://www.payingforseniorcare.com/longtermcare/paying-for-nursing-homes.html
cost for nursing home care
The cost for nursing home care is $225.