John Hancock Announces Results of National Long -Term Care Cost of Care Study

John Hancock has announced the results of an in-depth study of the 2008 costs of long-term care (LTC), which found that LTC costs have been increasing in line with inflation in recent years.

Including information from more than 11,000 care providers nationwide, the study of national care costs conducted by CareScout, based in Wellesley, MA, revealed average costs of care in the U.S. are roughly $75,000 annually for a private room in a nursing home; $67,000 annually for a semi-private room in a nursing home; and $35,000 annually for an assisted living facility, while the average cost of home care was found to be about $19 per hour.

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