The MetLife Mature Market Institute conducts a survey every year that examines long-term care costs around the country. They provide national averages, and they also drill down further to provide the average costs within specific states and metropolitan areas. In 2012 the national average charge for a single day in a private room in a nursing home in the United States was $248. If you get out your calculator and multiply this by the number of days in a year you come up with an annual expense of $90,520.
Topics covered in this report include:
- Statistical Likelihood
- The Costs
- Payment Options
Click here to read the whole report or download the PDF.
Mark S. Eghrari is an attorney in private practice in Smithtown, New York. He has been in practice since 1988. Mark S. Eghrari provides extensive estate and tax planning services to individuals and businesses. Mr. Eghrari’s primary focus is helping clients avoid probate, minimize or eliminate Federal and State Estate taxes and protect their assets from the high cost of nursing care, if they become ill.
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