Senior Care costs continue to rise, but most are within reason:
- Home Health Aide, up 2.8%
- Adult Day Care, up 3.1%
- Assisted Living, up 1.8%
- Nursing Home, up 6.2%
Recently updated figures (emphasis, sadly, on “up”) from the annual Genworth Cost of Care Survey.
While every situation is unique and based on its own set of circumstances, note the potential cross-over point around $3,000 per month, where Assisted Living starts to make sense economically. Certainly an aspect to weigh, but equally important are other medical, emotional and social considerations. Always consider the complete scope of needs when making this important decision.