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Cost of long term care in Williamsport and Wilkes-Barre/Scranton

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Each year Genworth reports on the cost of long term care in the United States. It surveys nearly 15,000 long term care providers in 437 regions nationwide. The resulting details “can help consumers plan for long term care costs in their preferred location and care setting.”

What is Long Term Care

Long term care refers to the types of assistance you may need if you have a prolonged physical illness, disability or severe cognitive impairment (such as Alzheimer’s disease) that keeps you from living independently. These limitations may prevent you from carrying out basic self-care tasks, such as bathing, dressing or eating, called Activities of Daily Living (ADLs).

About 70 percent of people age 65 or older will need long term care services at some point in their lifetime

Unfortunately, the cost long term care services and supports is generally not covered by Medicare or other health insurance. It can easily bankrupt the recipient and destroy a family’s financial security.  The Genworth survey provides locally based cost of care information that can help families understand, prepare for, and perhaps avoid a long term care personal and financial catastrophe.

Facility rates are increasing more rapidly than home care

The Genworth 2013 survey has now been published. Here is its overview:

     Looking back at the past five years of survey results,

Genworth recognizes emerging trends across the

long term care services landscape. Overall, the cost

of care among facility-based providers has steadily

increased. For example, in 2008 the median annual

rate for a private nursing home room was $67,525,

compared with the 2013 median annual rate of

$83,950. This means that Americans can expect to

pay approximately $16,425 more per year today

for a nursing home than they had to pay in 2008.

This increase represents a 4.45 percent compound

annual growth rate over that period.

In contrast to facility-based care, rates charged

by home care providers for “non-skilled” services

have remained relatively flat over the past five

years. For example, whereas the national hourly

private pay median rate charged by a licensed

home health agency for a home health aide was

$18.50 in 2008, the 2013 hourly rate has only

slowly crept up to $19. The historical compound

annual growth rate for this type of care service has

been only 1 percent over a five-year period. Home

care rates have remained flat in part because of

increased competition among agencies and the

availability of unskilled labor, and because the

companies that provide these types of services

do not incur the costs associated with maintaining

stand-alone health care facilities.

Care Rates for Williamsport and Wilkes-Barre/Scranton

The study provides a list of rates being charged in individual localities throughout the nation including Williamsport and Scranton/Wilkes-Barre in Pennsylvania.

The median rates for various services in Williamsport and Scranton/Wilkes-Barre are:

Homemaker Services Hourly Rates
$18 Williamsport
$19 Scranton-Wilkes-Barre

Home Health Aide Services Hourly Rates
$19 Williamsport
$20 Scranton-Wilkes-Barre

Adult Day Health Care Daily Rates
$75 Williamsport
$64 Scranton-Wilkes-Barre

Assisted Living Facility Monthly Rates
$3,365 Williamsport
$2,800 Scranton-Wilkes-Barre

Nursing Home Daily Rates (semi-private room)
$259 Williamsport
$260 Scranton-Wilkes-Barre

Nursing Home Daily Rates (private room)
$296 Williamsport
$270 Scranton-Wilkes-Barre

The median annual rate for a semi-private nursing home room in Williamsport is $94,535, and the median private room rate is $108,040

Here is a link to the Pennsylvania State-Specific Data from the Genworth 2013 Survey: http://tinyurl.com/cncbbxa

As Genworth notes in the report: “With long term care costs on the rise, planning and preparation are more important than ever.” Meet with a Marshall, Parker and Weber elder law attorney to set up a plan that will protect you and your family.