April 27. 2010 2:00AM - Last modified: March 14. 2012 12:50PM

Wisconsin’s elderly care costs among the highest in nation

  

The costs for home health care, nursing home care and assisted living care in Wisconsin are higher than the national rates, according to Genworth's 2010 Cost of Care Survey.

The median annual rate for home care in Wisconsin is $48,917 statewide, 13 percent greater than the median annual rate of $43,472 nationally. Wisconsin is the 11th-most expensive state for home care services.

"Long-term care is not just about nursing homes anymore," said Buck Stinson, president, of U.S. life insurance products at Richmond, Va.-based Genworth, which provides long-term care insurance. "For many Wisconsin residents, the ability to live independently is critical to maintaining quality of life. Preparing for the expenses associated with one's preferred care setting is a key factor in retirement planning."

The median annual cost for a private room in a nursing home in Wisconsin is $82,125, compared with the national rate of $75,190.

The median annual cost for a one-bedroom assisted living facility in Wisconsin is $40,725, compared with the national rate of $38,220.


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