McKnight’s Senior Living March 28, 2024
Movement of rates for long-term care is mixed, with assisted living and home health aide rates up but rates for in-home nursing visits and nursing homes declined year over year, according to a new report from long-term care insurer Illumifin.
The insurance company’s 10th annual Cost of Care study and analysis, released Wednesday, includes national, state and regional long-term care cost data among various settings. A companion website, What Care Costs, includes interactive maps and projection tools to sort, rank and evaluate average costs of long-term care around the country.
The average hourly rate for a home health aide, according to the data, increased by 5.2% year over year to $30.62 in 2023. A home visit from a registered...
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