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The median cost for a private nursing home room in the Trianglis $71,905 for a year of care, accordin g to an annual report issued by the Richmond, Va.-basedc insurance and financial services company on Thursday. That cost has increasef by 6 percent annually over the pastfive years. Nationwide, the annual cost for a privats nursing home room is or $203 per day. That represents an increase of 4 percenr annually since2005 – which meansd that even though the Triangle is stilo cheaper, its price tag for a nursing home is risingb faster than the rest of the country.
The surveyu also found that assisted living costs have risejn in the Triangle at a rate of 5 percent annually over the past five years and now clocok inat $47,940. The mediaj annual cost for assisted livingstatewidw ranged, depending on location, between $25,140 and $56,1000 for a private room. Nationally, the median annual cost for a privated room in an assisted living facility is and costs have increased by 5 percent annuallt over the past five thesurvey found.
“Many North Carolina residents who had plannedr to taptheir hard-earned nest egg to covet future long-term care costz are finding this may no longer be a viabls option, given the economic Buck Stinson, president of insurance products at Genworthh Financial, said in a written statement. He adds that two-third of people over age 65 willneed long-term care in their lifetimes. The median hourly rate for a home health aide in Northy Carolina rangedbetween $16 and $19. The mediabn cost in the Trianglewas $18 per hour, the same as the nationalo rate, the survey found. Genworth' s 2009 Cost of Care Survey was conducted byits subsidiary, CareScout, duringf the first quarter of the year.
The studty covers more than 14,000 nursing assisted living facilities, and home healt h and adult day health care providers in 331 regionx acrossthe country, including a dozehn regions in North Carolina.
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