California Long Term Care Facility Costs and Information
Last updated: February 28, 2017 at 20:37 pm
The cost of long term care facilities in California continues to climb and put California residents at substantial financial risk. According to the Genworth Financial 2013 Cost of Care Survey, the cost of long term care facilities in California rose between 3% and 5% from 2012, depending upon the type of long term care facility.
- The average cost of a private room in a California Long Term Care Facility is now $230 per day (almost $84,000 per year).
- The average cost of a private room in a California Assisted Living Facility is now $3,710 per month (more than $44,500 per year).
- The average cost of a Home Health Aide in California is now $23 per hour.
Long Term Care costs remain one of the greatest financial threats to California residents. Comparatively speaking, the premiums for long term care insurance are very affordable and offer substantial piece of mind for those with assets to protect and family members they do not want to burden. There is also the California Partnership for Long Term Care which can provide dollar for dollar asset protection against Medicaid spend-down for California residents.