Wisconsin - State Median: Annual Care Costs in 2013

Cost of Care overview

Research shows that at least 70 percent of people over 65 will need long term care services at some point in their lifetime¹. And while most people think of long term care as impacting only those in senior years, 40 percent of people currently receiving long term care services are ages 18 to 64.²

The Genworth 2013 Cost of Care Survey can help families evaluate options to address the increasing cost of long term care. For the tenth consecutive year, Genworth has surveyed the cost of long term care across the U.S. to help Americans appropriately plan for the potential cost of this type of care in their preferred location and setting. The most comprehensive study of its kind, Genworth’s 2013 Cost of Care Survey, conducted by CareScout^®, covers nearly 15,300 long term care providers in 437 regions nationwide

.¹ Medicare & You, National Medicare Handbook, Centers for Medicare and Medicaid Services, Revised November 2012.

² U.S. Department of Health and Human Services National Clearinghouse for Long Term Care Information, 10/22/08.

Monthly costs provided below 

Home Care
Homemaker services	$3,813
Home health aide	$4,099
Adult Day Health Care
Adult day health care	$1,343
Assisted Living Facility
Private, one bedroom	$3,538
Nursing Home Care
Semi-private room	$7,247
Private room	$8,060

State Median is the median cost for care across the entire state.

Definitions:

Home Health Aides help those who are elderly, disabled, or too ill to live in their own homes or in a residential care facilities instead of in nursing homes. Home health aides may offer care to people who need more extensive personal care than family or friends are able to or have the time or resources to provide.

Homemaker Services make it possible for people to live in their own homes or to return to their homes by helping them complete household tasks that they can't manage alone. Homemaker services aides may clean houses, cook meals or run errands.

Adult Day Health Care centers can offer a much-needed break to caregivers. This type of care provides service at a community-based center for adults who need assistance or supervision during the day but who do not need round the clock care. The centers may provide health services, therapeutic services and social activities.

Assisted Living Facilities (referred to as Residential Care Facilities in California) are living arrangements that provide personal care and health services for people who may need assistance with activities of daily living, but who wish to live as independently as possible and who do not need the level of care provided by a nursing home. It's important to note that assisted living is not an alternative to a nursing home, but an intermediate level of long-term care.

Nursing Home Care is for people who may need a higher level of supervision and care than in an assisted living facility. They offer residents personal care, room and board, supervision, medication, therapies and rehabilitation, as well as skilled nursing care 24 hours a day.

For more information about long term care planning, please contact your financial professional.

© Genworth Financial, Inc. and National Eldercare Referral Systems, LLC (d/b/a CareScout^®). All rights reserved. Genworth, Genworth Financial and the Genworth logo are registered service marks of Genworth Financial, Inc.

106556 03/15/13