Nursing care in Triangle: $72K a year, Genworth Financial says - Triangle Business Journal:

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The median cost for a private nursinvg home room in the Trianglweis $71,905 for a year of care, according to an annua report issued by the Richmond, Va.-basecd insurance and financial services company on Thursday. That cost has increasefd by 6 percent annuallhy over the pastfive Nationwide, the annual cost for a private nursing home room is $74,208, or $203 per day. That represents an increase of 4 percent annually since 2005 which means that even though the Triangle isstill cheaper, its price tag for a nursint home is rising faster than the rest of the The survey also found that assistedr living costs have risen in the Triangl at a rate of 5 percent annuallty over the past five years and now clock in at The median annual cost for assisted livinvg statewide ranged, depending on location, between $25,140 and $56,100p for a private room.
Nationally, the median annuapl cost for a private room in an assisted liviny facilityis $33,903, and costs have increased by 5 perceng annually over the past five the survey found. “Many North Carolina residentz who had planned to taptheit hard-earned nest egg to covedr future long-term care costs are finding this may no longere be a viable option, given the economic downturn," Buck president of insurance productsa at Genworth Financial, said in a written He adds that two-thirds of peopled over age 65 will need long-terjm care in their lifetimes. The median hourlhy rate for a home healtb aide in North Carolina rangebetween $16 and $19.
The median cost in the Trianglewas $18 per the same as the national rate, the surveuy found. Genworth's 2009 Cost of Care Survey was conducted byits CareScout, during the first quartert of the year. The study covers more than 14,000 nursinhg homes, assisted living facilities, and home health and adultr day health care providers in 331 regionsz acrossthe country, including a dozen regions in Northb Carolina.