Assisted Living, Nursing Home Prices Continue to Increase

Nursing home and assisted living rates rose significantly from 2009 to 2010, according to the Market Survey of Long-Term Care Costs. Private room nursing home rates rose 4.6% to $229 per day or $83,585 per year, while assisted living rose 5.2% on average to $3,293 per month, or $39,516 per year. These increases come on top of increases from 2008 to 2009 when both nursing home and assisted living costs were up 3.3%.

The market survey, which includes state and major area details, can be downloaded via

www.MatureMarketInstitute.com.

US News Article on Home Modifications for Aging in Place

US News and World Reports discusses how to make your home aging in place friendly.   It lists several home modifications and other activities to make the home safer and more accessible.  The article points out that these modifications often pay for themselves quickly when compared to the costs of moving to assisted living.

Click here for the article.

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