Long term care costs in 2009 for Portland, Oregon, the reason every financial plan should include long term care insurance to give you options, reduce the expense and protect your estate.
Homemaker services aides help people complete those household tasks that they can’t manage alone, like housecleaning, cooking and running errands, making it possible for their clients to continue to live independently in their own homes. Hourly rates for a licensed non-Medicare certified homemaker services provider in Portland, Oregon have a median hourly rate of $21 and a five-year annual growth rate of 5%.
Home health aides help the elderly, disabled or ill with personal care like bathing, toileting, dressing, eating and taking medication. These sides also allow clients to remain in the comfort of their own homes longer and avoid the cost of more expensive care facility. Hourly rates for a licensed non-Medicare certified homemaker services provider in Portland, Oregon have a median hourly rate of $22 and a five-year annual growth rate of 3%. Home health aides who are Medicare certified are paid considerably more, with a median hourly rate of $70 and a five-year annual increase of 36%.
Community adult day health care centers provide daytime supervision; giving family caregivers much needed assistance and rest. Clients have exposure to social activities and often minor health services and therapy. Daily rates in Portland, Oregon average $78.
Assisted living facilities (or residential care facilities) can provide personal care and health services for people who may need assistance with activities of daily living, but not the level of care provided by a nursing home. Assisted living is an intermediate level of long term care, not an alternative to a nursing home. Monthly rates for a private one bedroom in Portland, Oregon have an average monthly rate of $3,000 or $36,000 annually. The five-year annual growth rate of this type of care is 5%.
Nursing homes give residents skilled nursing care 24 hours a day, along with medication monitoring, rehabilitation and physical therapy, room and board and personal care and supervision. Daily rates for a semi-private room in Portland, Oregon average daily rate $208 or an annual rate of $75,920, five-year annual growth or 7%. The median price for a private room is $234, annual rate $85,410 with a slightly higher five-year annual growth or 8%.
A long term care insurance policy can allow you to pay for these expenses for a fraction or these costs, give you choices and protect your wealth.
Data from Genworth Cost of Care survey data from 2005-2009.