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May 11, 2011

Long term care expensive in Maryland

elderly assisted livingIf 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.

Posted by Andrea Walker at 3:47 PM | | Comments (1)
Categories: General Health
        

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

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About Picture of Health
Meredith CohnMeredith Cohn has been a reporter since 1991, covering everything from politics and airlines to the environment and medicine. A runner since junior high and a particular eater for almost as long, she tries to keep up on health and fitness trends. Her aim is to bring you the latest news and information from the local and national medical and wellness communities.

Andrea K. WalkerAndrea K. Walker knows it’s weird to some people, but she has a fascination with fitness, diseases, medicine and other health-related topics. She subscribes to a variety of health and fitness magazines and becomes easily engrossed in the latest research in health and science. An exercise fanatic, she’s probably tried just about every fitness activity there is. Her favorites are running, yoga and kickboxing. So it is probably fitting that she has been assigned to cover the business of healthcare and to become a regular contributor to this blog. Andrea has been at The Sun for nearly 10 years, covering manufacturing, retail , airlines and small and minority business. She looks forward to telling readers about the latest health news.
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