SOURCE John Hancock Long-Term Care
BOSTON, July 30, 2013 /PRNewswire via COMTEX/ — John Hancock Life Insurance Company (John Hancock) today announced the results of its biennial long-term care (LTC) cost study, which found that LTC costs have continued to increase for all provider options.
The study, conducted by LifePlans Inc., based in Waltham, MA, surveyed approximately 16,000 long-term care providers, including nursing homes, assisted living facilities, and home health care agencies, in key cities across the country. Its findings revealed that the average annual cost of care in the U.S. is $94,170 for a private room in a nursing home; $82,855 for a semi-private room in a nursing home; $41,124 for an assisted living facility and; $18,460 for adult day care. The average annual cost of care received at home was approximately $29,640.
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