Skilled Long Term Care Cost Breaks $100k for First TimeFebruary 28th, 2017
The cost of Long Term Care, either care at home or in a facility is high. Skilled Nursing Home Care is always the most expensive. A new report shows for the first time, the cost of skilled Long Term Care is now averaging over $100,000 per year. The national average price of a private room is now reaching $102,900. Lincoln Financial Group’s annual “What Care Costs” study, shows the national average private skilled nursing room cost jumped 3.3% in 2016, up from $99,600 in 2015. Semi-private room costs are less with an average national cost of $89,305, up 2.6% from $87,000 in 2015. Lincoln National is a major marketer of Long Term Care Planning products.
The cost of all types of long-term care will vary depending on where you live or plan on living in your retirement. Read the full story here: http://longtermcareplanningnews.com/articles/skilled-long-term-care-costs-break-100k-first-time
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