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Rochester No. 7 on list of most expensive long-term care markets

Rochester Business Journal
April 7, 2014

The Rochester market ranks No. 7 on a list of the country’s top 25 most expensive markets for long-term care, officials from New York Life announced Monday.

The average cost for nursing home care in the nation has climbed roughly 20 percent in the past five years, to $95,706 this year from $79,935 in 2009. The cost in Rochester averages $141,244 a year. Rochester ranked No. 8 in 2009.

The list ranks markets by the daily cost of a private room in a nursing home. In the past five years, Seattle, San Diego and Sacramento have moved up the most spots, and San Jose, Calif., Boise, Idaho, and Detroit have joined for the first time.

The Bridgeport-Stamford-Norwalk, Conn., region took the top spot on the list from Anchorage, Alaska. It averages $159,359 a year for nursing home care. Anchorage fell to No. 2, at $156,950 a year.

“The staggering cost of nursing home care tells only part of the story,” said Craig DeSanto, senior vice president of New York Life, in a statement.

Some 50 percent of long-term care insurance claims begin with home care, he said.

“So the true cost of a long-term care event can be the cost of home care, time spent in an assisted living facility and then a possible stay in a nursing home. The combined cost of that care can easily eliminate a family’s entire savings,” he said.

Univita Health, the nation’s largest long-term care administrator, conducted the 2014 survey in partnership with New York Life. Univita contacted more than 2,500 skilled nursing facilities, assisted living facilities and home health care providers to complete over 10,000 surveys from January 2013 to December 2013. 

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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