Saturday, November 5, 2011

MetLife's Market Survey


Costs for long-term care varies quite a bit throughout the state and even from provider to provider in the same community.  MetLife stopped selling long-term care insurance beginning in 2011 although it continues to service its existing policies.  MetLife continues to conduct a market survey.
 
For those of you interested, MetLife issued its 2011 Market Survey of Long-Term Care Costs, which is found athttp://www.metlife.com/mmi/research/2011-market-survey-long-term-care-costs.html#findings.  It indicates the following about National and Missouri's costs:
 
  • The national average daily rate for a private room in a nursing home rose 4.4% from $229 in 2010 to $239 in 2011 ($205 to $214 for semi private).

  •     Missouri average of a private room daily rate is $160 -- Kansas City area average, $157; St. Louis area average, $186; and rest of state, $186.
        Missouri average of a semi-private room daily rate is $141--Kansas City area average, $144; St. Louis area average, $194; and rest of state, $132

  • The national average monthly base rate in an assisted living community rose 5.6% from $3,293 in 2010 to $3,477 in 2011.

  •     Missouri's assisted living facilities are licensed as residential care facilities and assisted living facilities.
        Missouri's average monthly base rate is $3,490--Kansas City area average, $3,398; St. Louis area average, $4,289; and rest of state, $3,050.

  • The national average daily rate for adult day services rose 4.5% from $67 in 2010 to $70 in 2011.

  •     Missouri's average daily rate for adult day services is $70--Kansas City area average, $69; St. Louis, $72; and rest of state, $69.
         
  • The national average hourly rates for home health aides ($21) and homemakers ($19) were unchanged from 2010.

  •     Missouri's average hourly rate for home health aides is $19 and homemakers ($19)--Kansas City area average, $19 and $18; St. Louis, 

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