Private nursing home room costs are up to $76,460 this year, up 2% from the 2007 average, according to Genworth Financial, a provider of long-term care insurance.
Changes in care costs they found in their survey:
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Semiprivate nursing home: up 4%, to $68,408
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An hour of care from a non-skilled home health aide: steady at $19
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Hourly cost of care by a skilled, Medicare-certified provider: up 18%, to $38.
These numbers point to the importance of planning for health care costs in retirement and making sure you are saving enough to meet them or to pay premiums for long-term care.
