VIEWS: 14 PAGES: 1 CATEGORY: Legal POSTED ON: 12/15/2012
Long-term care is extraordinarily expensive in the United States as a whole, and it is even more expensive here in the state of California.
Nursing Home Private Room Averaging Over $120,000 Annually in California Long-term care is extraordinarily expensive in the United States as a whole, and it is even more expensive here in the state of California. It is important to be cognizant of these expenses and recognize the fact that they are relevant to all of us. Most seniors will need living assistance eventually, and Medicare is not set up to absorb long-term care costs. Every year, the elder law community anxiously awaits the release of the new MetLife Mature Market Institute market survey that examines assisted living costs. The 2012 survey has now been completed, and the results indicate a continuance in the upward spiral. This year the average charge for a year-long stay in a private room in a nursing home in the United States has been $90,520. This figure represents a 3.8% hike over the 2011 average of $87,235. A lot of things tend to be more expensive in California than they are on average across the country, and living assistance is no exception. The average charge for a year in a private room in a nursing home in The Golden State has been in excess of $120,000 this year. If you are looking ahead toward the possibility of requiring long-term care in 10, 20, or 30 years, these figures could be significantly higher. To be prepared you must plan ahead in an intelligent and informed manner. If you sit down and discuss your future with a licensed and experienced elder law attorney, he or she will help you develop a comprehensive plan that addresses all the eventualities of aging. Experienced estate planning attorneys Campbell CA of the Law Office of Roy W. Litherland offers estate planning and business planning resources to residents of Campbell CA. To learn more about these free resources, please visit www.attorneyoffice.com/ today.
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