The Rising Cost of Texas Long Term Care Facilities

Last updated: February 14, 2017 at 15:43 pm
Inflation of Texas long term care costs is a significant challenge for Texans planning for retirement. The highest long term care costs in Texas are in the cities of Austin, Houston, McAllen and Dallas. With a 6% year over year increase from 2012 to 2013,

Assisted Living Facilities in Texas saw the sharpest increase among all types of Texas long term care facilities. The median cost of a Texas Assisted Living Facility is now $40,080 per year ($3,340/month). Current median costs for other types of long term care facilities and home health care in Texas are as follows:

• The median cost of a private room in a Texas Long Term Care Facility is now $168 per day ($61,320 per year).
• The median price of a semi-private room in a Texas Long Term Care Facility is now $130 per day (more than $47,450 per year).
• The average cost of a Home Health Aide in Texas is now $18 per hour.

The City of Austin currently has the highest long term care facility costs in Texas with the cost of a private room in a nursing home at $81,395 per year ($223/day). Houston has the second highest long term care facility cost in Texas at $73,000 per year ($200/day). McAllen and Dallas, Texas have the third and fourth highest long term care facility cost at $73,365 per year ($201/day) and $72,270 ($198/day), respectively.

Long term care insurance coverage and home health care insurance is available to protect the financial well-being of Texas residents. The premiums for long term care insurance are also quite affordable when compared to the high cost of long term care facilities and home health care. Visit this page for more information on Texas Long Term Care Insurance planning.