LTC Costs

Escalating Costs of Long Term Care

Genworth 2015 Cost of Care Study with 20 year Projection of Costs          USA Average       

Today’s average cost of long-term care in USA comparing today’s costs and projecting costs in 20 years
¹ Genworth 2015 Cost of Care Survey Pennsylvania    ² Assuming level 3% rate of inflation over 20 year period         ³ Skilled Nursing Facili
 

Home Aide

Adult Day Care

Assisted Living

SNF³ Semi Prvt

SNF³Private

Median Rate¹

$20/hr

$70/day

$3,600/mo

$220/day

$250/day

Median Rate in 20 years ²

$36.12/hr

$126.43/day

$6,502.00/mo

$397.34/day

$451.53/day

Median Annual Rate¹

$45,760/yr

$17,904/yr

$43,200/yr

$80,300/yr

$91,250/yr

Median Rate 20 years²

$82,647.65/yr

$32,336.62/yr

$78,024.01/yr

$145,030.73/yr

 

$164,807.65/yr

 

 

 

 

 

 

 
 

 

 

 

 

Genworth 2015 Cost of Care Study with 20 year Projection of Costs         Philadelphia,  PA

Today’s average cost of long-term care in Philadelphia, PA comparing today’s costs and projecting costs in 20 years
¹ Genworth 2015 Cost of Care Survey Pennsylvania    ² Assuming level 3% rate of inflation over 20 year period         ³ Skilled Nursing Facility
 

Home Aide

Adult Day Care

Assisted Living

SNF³ Semi Prvt

SNF³Private

Median Rate¹

$22/hr

$74/day

$4,886/mo

$314/day

$350/day

Median Rate in 20 years ²

$40.06/hr

$134.74/hr

$8,896.21/mo

$571.72/day

$637.26/day

Median Annual Rate¹

$50,336/yr

$19,110/yr

$58,626/yr

$114,610/yr

$127,750/yr

Median Rate 20 years²

$91,649.52/yr

$34,794.63/yr

$106,743.58/yr

$206,676.73/yr

$232,601.45/yr