Assisted Living Costs Mount More Than LTC Alternatives

Consumers have more choices for long-term care than ever before, says Genworth in its latest Cost of Care report, but those options come with a price tag that keeps getting bigger. Out of those options, which encompass home care and home health services, adult day care, and skilled nursing, assisted living costs have grown the […]

Nursing Homes Lead Senior Care for Cost Growth

The cost of care in a private room in a U.S. nursing home averages roughly $94,170 per year, with the costs of assisted living averaging $41,124 annually, according to a report by John Hancock Life Insurance Company. Home care, in comparison, averages $29,640 annually, the study finds based on responses from 16,000 long term care […]

WSJ: The New Retirement Resorts (Forget Assisted Living Facilities)

Move over, assisted living and nursing homes—there are new alternatives in town for retiring seniors, and they’re more adventurous and personalized than ever before, according to a recent Wall Street Journal article. A growing number of intrepid retirees, wary of spending years in an assisted-living facility or staying at home, are opting for arrangements that […]