Long term care expensive in Maryland
If you have an elderly or disabled person that needs long term care, you might not be happy about the results of a new survey.
The cost of assisted living facilities in the state is higher than the natural average and has risen in cost in recent years, according to a survey done by Genworth.
The median annual cost of a long term care assisted living facility was $39,135 nationally, an increase of 6 percent over the past six years. The cost is $39,600 in Maryland, an increase of 6.2 percent.
The median hourly rate for care at home was $20 an hour in Maryland, a 3.5 percent increase over the past six years. Nationally, it cost $19 an hour, a 1.4 percent increase.
The median cost of a private nursing home room in Maryland has risen 4.1 percent annually in the past six years to $89,972 per year. The national rate is $77,745, an increase of 4.4 percent.
Genworth offers these tips to help contain costs:
Fee waiver - Assisted living facilities may charge a one-time fee prior to move-in. They may waiver fees or offer other financial incentives such as free rent if there are many vacant units in the market. Don't be afraid to ask for a deal.
Room upgrade - Try for a more expensive room at a lower price if vacancies are high.
Special rates- See if there are discount rates for moving in at a certain time of the month.
Shop Around - Agencies may lower their rate if they know you are looking elsewhere.









Comments
These are some good tips to keep costs down at assisted living facilities. It is also very important to make sure to ask about any extra fees when shopping around. Sometimes the base rate won't cover phone service, transportation, laundry, and other services.
Thanks,
Camille
http://www.drmarionu.com/dm_ltci/dm_ltci.htm
Posted by: Camille | May 17, 2011 6:36 PM