The Real Cost of Long-Term Care

By Nikhil Hutheesing - 2012-11-26T15:38:10Z

Photograph by Shelly Harrison/Getty Images

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Home Health Aide

A recovering patient may also need a home health aide to help with bathing and other personal tasks. Problem is, Medicare and most health insurance plans do not include coverage for such long-term care services. (Medicaid does for people with high levels of disability and low income and savings.) A long-term insurance plan is more likely to help with covering the cost. Rates vary widely. In Florida, for example, the average hourly rate is $18, according to MetLife. In Minnesota, the average hourly rate is $30. The national average hourly rate for home health aides is $21, according to MetLife.

$21,840: Average annual cost for home health aide (four hours per day, five days per week) -- MetLife Market Survey