The average private-pay rates for home health aides remained $21 for the third straight year, even as the overall cost of long-term care continues to rise in the U.S., according to a newly released study.
Meanwhile, adult day service centers, which employ direct-care workers, saw their daily cost-of-care rate increase slightly to $70, from $67 in 2010.
The study was published last month by MetLife Mature Market Institute, the research wing of the insurance company.
Only about half of the cost of home health aide services actually goes to the aide herself. According to PHI research, the median hourly wage for home health aides was $9.85 in 2009, the last year for which data are available.
Long-Term Care Costs Rising Overall
MetLife’s study shows that, overall, the cost of obtaining long-term care in most settings continues to rise.
In 2011, the daily average rate for a private room in a nursing home increased by 4.4 percent, to $239. In assisted living communities, meanwhile, the average monthly rate rose to $3,477, an increase of 5.6 percent.
The CLASS Program, a voluntary long-term care insurance program that was passed as part of the Affordable Care Act, was created to help people pay for the skyrocketing costs of long-term care.
However, the Obama administration could not demonstrate that the program would be financially solvent. While advocates continue to press for the program, its future remains uncertain.
A separate MetLife survey on the “retirement income IQ” of pre-retirees (aged 56-65) found that many are misinformed about how they will be paying for long-term care: 42 percent of respondents incorrectly believe that such care is covered by health insurance, Medicare, or disability insurance.
– by Matthew Ozga






