Insights on the cost of long term care

Genworth, one of the largest issues of life insurance and long term care insurance policies, has released the results of its 2016 survey of long term care costs.  Here are the figures for Kentucky:

Home Health:

homemaker services:    $3,432 per month

home health aide:           $3,575 per month

Adult Day Health Care:  $1,495 per month

Assisted Living Facility: $3,300 per month

Nursing Home Care:        $6,266 per month for semi-private room; $6,981 per month for private room

The figures above represent median costs.  As the saying goes, your mileage may vary.  You can read about the survey methodology here.

Costs for long term care will likely continue to increase, so why not start to plan now to protect your family from the devestating costs of long term care?  And by the way, sticking your head in the sand is not a plan!  Contact me at 502-509-4635 or ken@rivercityelderlaw.com and let’s start working on your plan.

Ostrich in Fear