Infographic: A Look at Nursing Homes in the US in 2013August 3, 2013
Nursing homes are just one of the many types of long term care facilities in the country, yet it is the one most associated with providing care for the elderly. Examining the quality of care in nursing homes, and the cost of residence, can give a quick glance at the prospects of requiring care that only a dedicated facility can provide.
The cost of staying in a nursing home further illustrates the need to plan for long term care. The median annual rate of a private room is comparable to the salaries of upper middle income jobs. Relying on savings alone to cover your long term care expenses in the future could well mean exhausting your nest egg.
Where you live is very important when it comes to long term care, as each state differs in how many options are available to you, how well you can expect to be taken care of, and how much it will cost.
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