Currently, the average cost of nursing home care exceeds $75,000 per year in North Carolina. Even home care or assisted living facilities can average $45,000 per year or higher. Thus, nursing home and long term care costs can rapidly deplete one’s assets.
I’m worried about how the cost of a nursing home or long term care will impact my family and assets, should I be?
Currently, the average cost of nursing home care exceeds $75,000 per year in North Carolina. Even home care or assisted living facilities can average $45,000 per year or higher. Thus, nursing home and long term care costs can rapidly deplete one’s assets.