Long term health care costs increase in ND, SD
RICHMOND, Va., -- Long-term health care costs in South and North Dakota have increased over the past five years, according to a new study.
The 11th annual Genworth 2014 Cost of Care Survey reports that in South Dakota, the median hourly cost of homemaker services is $22 and the median hourly cost of home health services is $22. In North Dakota, it's $25 an hour for either type of service.
The median hourly cost for homemaker services in South Dakota has increased 5.1 percent annually over the past five years, and the hourly cost of home health aide services has increased 3.3 percent.
Nationally, the 2014 median hourly cost for the services of a homemaker or home health aide hired from a home care agency is $19 and $19.75 respectively. Homemaker costs nationally have risen annually 1.2 percent on average over the past five years and home health aide services have risen, on average, 1.32 percent annually over the past five years.
By comparison, the median annual cost for care in an assisted living facility is $42,000 nationally and $37,320 in the Dakotas. The national yearly cost of assisted living is increasing 4.29 percent annually over the past five years and increased 4.9 percent in the Dakotas.
The comparable cost for a private nursing home room rose 4.19 percent annualized over the past five years to $87,600 nationally and increased 1.6 percent over the past five years to $70,810 in South Dakota and 8 percent to $93,623 in North Dakota.