The cost of long term care is rising across all service types, according to the findings of a survey of more than 16,000 care providers nationwide.
Across nursing homes, assisted living communities and in-home care, costs vary widely, but one thing is consistent: all costs are rising.
The cost of care in a private room in a U.S. nursing home averages roughly $94,170 per year, with the costs of assisted living averaging $41,124 annually, according to the survey, commissioned by John Hancock Life Insurance Company.