Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Sunday, April 27, 2014

Location, Location Location: How Your Location Affects Long-Term Care Costs

DementiaA recent study revealed that long-term care costs vary widely by location. The study claims the national median cost of private nursing home this year is $87,170 in Ohio, but only $57,487 in Oklahoma. The stark difference centers on supply and demand as well as the ability to pay for these types of services. The most forgotten piece of a person's retirement is probably paying for long-term care despite the fact that long-term support and services continue to rise faster than inflation. Moreover, about 2/3 of the elderly will need long-term care of some kind. Gentworth, the nation's biggest underwriter for long-term care policies, took data from almost 15,000 providers of long-term care service to compile the study. The survey includes an interactive map that shows specific service costs by state: http://bit.ly/PYlZ9R.

See Long-Term Care: Why Your Location Really Matters, Reuters, Apr. 23, 2014.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.


Current Affairs, Elder Law | Permalink

TrackBack URL for this entry:


Listed below are links to weblogs that reference Location, Location Location: How Your Location Affects Long-Term Care Costs:


Post a comment