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Wednesday, October 29, 2008

Westport’s MetLife Issues Report on Nursing Home Costs

Westport’s MetLife Mature Market Institute said today that average rates for a private room in a nursing home remained essentially unchanged nationally from 2007, while semi-private rates increased 1.1 percent from $189 daily or $68,985 annually in 2007, to $191 daily or $69,715 annually in 2008.

The Institute, located at 57 Greens Farms Road, said that average assisted living rates increased by 2.1 percent, from $2,969 monthly or $35,628 annually in 2007, to $3,031 monthly or $36,372 annually in 2008.

The highest daily rates for nursing homes are in Alaska, $577 for a private room and $566 for a semi-private room, the Institute said. In 2008, the non-metropolitan and non-suburban areas of Louisiana had the lowest daily rates for a private room in a nursing home, averaging $127 per day.

Copies of the 2008 MetLife Market Survey of Nursing Home & Assisted Living Costs can be found at www.maturemarketinstitute.com under “What’s New.”

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Posted 10/29/08 at 10:45 PM  Permalink



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