Private nursing home room could soon cost $100,000 per year

Posted at 3:54 PM, Sep 26, 2017
and last updated 2017-09-26 15:54:46-04

The cost of getting older is skyrocketing. 

A private nursing home room may soon cost $100,000 a year, according to one report.

The median price of that room is already more than $97,000 a year. 

That's an increase of more than 5 percent in just the last year. 

The cost getting home health and services actually increased the most in the last 12 months. It's now $21-50 per hour. That's up more than 6 percent. 

But care at home may still be a better option depending on how many hours a day you need it. It's less than the cost of a semi-private or private nursing home if you have a health aid come in 10 hours per day or less. 

There are also benefits you may not know about that could save you money on long-term care. 

One place you can check them out is through the National Council on Aging. Read more on their benefits checkup section here.