The cost of long-term care changes depending on a few different options that you are going to choose. Long-term care has different costs associated with what type of care the patient needs and how long they are going to be using it. Is the care at home or in a facility? Do you need doctors to visit the home, do you need physical therapy, and so on? Also, are you going to be taking your family member to a facility to live or are they staying in their home? The costs are going to vary and you do need to take the time to make sure you are paying attention to these changes.
The average assisted living community cost about $59,000 per year while the average nursing home is going to cost over $100,000 a year. You are going to have some savings if you do in-home care and often only have to pay for in-home visits and for visits as they are needed. You can get assistance for paying for long-term care or you can look into things like long-term care insurance to help cover the financial burden of this type of care for you or your family member.
