The MetLife Mature Market Institute released the results of their 2008 survey on adult day services and home care costs.
They found that the average hourly rate of a Home Health Aide is now $20, up 5% from a year earlier. Companion/homemaker services saw no change and remain $18 per hour. Adult Day Services – programs that provide social, health and therapeutic activities in a group environment – are up 5% and now average $64 per day.
This is more or less in line with an average 5% annual inflationary increase in the long-term care industry for costs over the past 30 years or so. It is one more concrete support for getting inflation protection in a LTCI policy to make sure that you have the funds necessary to pay for care several years down the road if needed.
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