The Real Cost of Long-Term Care

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

Photograph by Robb Kendrick/Getty Images

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Nursing Homes

Nursing homes have a bad reputation for their institutional appearance and sometimes uncaring staff. Certainly, not all deserve to be knocked. The role of nursing homes is changing. "People now get discharged from the hospital earlier than in the past," says Lutz. "So nursing homes are becoming the bridge from the hospital to going back home." Still, many patients become full-time residents. This year, the national average daily rate for a private room is $248, up from $239 in 2011, according to a survey done for MetLife. A semi-private room runs $222, up from $214 one year ago.

$88,000: Average privately paid cost of a nursing home in 2012 -- AARP (In 10 states, the annual price exceeded $100,000.)