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What You Should Know About Long-Term Care
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Cost of Care
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A bed in a shared, multiple bed room in a nursing home may cost about $160 a day. A private room with amenities may easily cost $200 a day or more. Costs continue to rise each year. By the time you may enter a facility, the costs will be much greater than they are today. Use the table below to get an idea of what costs may be in 10, 20 or 30 years:
Based on a cost inflation rate of 5% with annual compounding. |
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