Nursing Home Costs Rising Fast that Costs of Home Care in City
The cost of receiving long-term care services at home is increasing, but not nearly as rapidly as the cost of nursing home or assisted living services, according to findings of the 2010 Cost of Care Survey from Genworth Financial.
Over the past five years, the median annual rate of a private room in a nursing home rose from $60,225 in 2005 to $75,190 in 2010. That represents a compound annual growth rate of 4.5%, according to the report, which was released Tuesday. In contrast, the compound annual growth rate for home health aides was 1.7% during that same period. A home health aide was making roughly $17.50 per hour in 2005, and makes about $19 per hour today, according to the report.
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Great Survey... helps people to find out the difference and benefits of live in home care services by professionals....
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The cost of home care agencies are always cheaper in compare to nursing home services and are always better also because these services are provided at patient's home so that caretakers can be ensured about the proper working of these homecare services
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