According to a recent survey conducted by Genworth Financial, long-term care costs are surging and the most expensive option — a private nursing home room — may soon top $100,000 per year on average nationally.  However, in the Philadelphia and South Jersey areas, average annual nursing home costs already exceed $100,000 up to at least $150,000 annually.

Growing labor expenses and sicker patients helped push the median cost of care that includes adult day care and assisted living communities up an average of 4.5 percent this year, according to the Genworth survey released last week. That is the second-highest increase since Genworth started its survey in 2004. The cost of home health aide services climbed the most, rising 6 percent, to $21.50 an hour. Long-term care can impose a crushing financial burden on individuals or families in part because Medicare, the federal health coverage program for people over age 65, provides limited help. Most Americans do not adequately plan for potential long-term care expenses. Should you have any questions regarding planning for long-term care, please contact our elder care law office.

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About Jerry

Jerold E. Rothkoff, a practicing New Jersey and Pennsylvania attorney, is the Principal of the Rothkoff Law Group, an elder care law firm. Jerry dedicates his practice to serving clients in the areas of life care planning, long-term care planning, Medicaid & VA benefits, and advocacy for the elderly and disabled. He is past President of the NJ Chapter of the National Academy of Elder Law Attorneys, former chair of the elder law section of the NJ State Bar Association, and past President of the Life Care Planning Law Firm Association. Jerry continues to be an outspoken advocate for the rights of the elderly and disabled. He writes for and gives presentations regularly to attorneys and other professionals about legal issues related to seniors and those with disabilities. Jerry’s community activities include the Twilight Wish Foundation, the Delaware Valley Stroke Council, the Alzheimer’s Association, as well as numerous other advocacy groups. When not in the office, Jerry spends time with his wife, Erica, and their five children, eighteen-year old identical twin girls, Liza and Julia, fifteen-year old fraternal twin boys, Evan and Gregory, and six-year old Aitan.

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