MetLife: Elder Care Costs Rise

The cost of private-room nursing home care is averaging $83,585 this year, up 4.6% from the 2009 average, and the average annual cost of staying in an assisted living facility increased 5.2%, to $39,516 per year.

The MetLife Mature Market Institute, Westport, Conn., an affiliate of MetLife Inc., New York (NYSE:MET), has published those figures in a summary of results from a long term care market survey.

http://www.lifeandhealthinsurancenews.com/News/2010/10/Pages/MetLife-Eld...