DC, Virginia long-term care costs steadily rising

A new study shows the price tag for long-term care in Virginia is rising and getting long-term care for a loved one is particularly expensive in the D.C. area.

The Richmond Times-Dispatch reports that a report shows the median annual cost of a private room in a nursing home went up nearly 7.7 percent to $102,200 from 2017 to 2018.

Costs for home health aides in Virginia also rose, according to NBC Washington.

The survey was conducted by Genworth Financial. Senior Brand Marketing Manager Gordon Saunders said a shortage of skilled workers helped explain some of the price increases.

Not all costs went up. The median cost for assisted living facilities dropped 1.25 percent to $53,415.

Read the full story at NBC Washington.

Topics: Finance , Uncategorized