Massachusetts Long Term Care Policy Costs & Information
The people of Massachusetts consider health care costs as one of the top health issues that the state needs to address. Long Term Care costs have steadily risen in the past five years. Genworth Financial, a major global insurance carrier, released its findings on the current median cost of Long Term Care in Massachusetts.
| Region | Home Health Aide Hourly Rate (Medicare Certified) |
Assisted Living Facility Monthly Rate (Private room) |
Nursing Home Daily Rate (Semi-private room) |
Nursing Home Daily Rate (Private room) |
| Barnstable | $27 | $4,170 | $302 | $323 |
| Boston Metro | $25 | $4,635 | $304 | $325 |
| Pittsfield | $24 | $4,495 | $268 | $284 |
| Springfield | $24 | $3,810 | $293 | $313 |
| Worcester | $23 | $5,276 | $300 | $330 |
| Rest of State | n/a | $6,400 | $367 | $400 |
Compare the Top Providers
Massachusetts residents can compare the top providers of long term care insurance in the state to get the best price.
Care costs are continuously increasing over the years and residents do not have enough retirement savings to meet the expenses. In fact, only 25% of baby boomers in Massachusetts believe they are prepared for retirement.
Many turn to state funded programs as lack of financial security overwhelms many caregiving families in Massachusetts. In 2000, one in every five adults age 65 and above depended only on Social Security for subsistence. Without Social Security, almost half (47%) of the senior population would have lived below the federal poverty line from 2000 to 2002. This resulted to heavy dependence on public funding for Long Term Care needs.
Although the sales of Long Term Care insurance policies have increased over the years, many still rely on public funding.
Fill out this short form to get your free quotes from all providers
We don't just offer one solution. We shop all of the major carriers in Massachusetts to offer you the best price. With our 35+ years of Long Term Care insurance experience, we'll save you time and money on your Long Term Care Insurance quotes. We only use your personal information to formulate your quotes and discounts. We will also email you a complimentary copy of the 2010 NAIC Shopper's Guide to Long Term Care Insurance so you can learn even more about LTCi.
Massachusetts Long Term Care Insurance References
- House No. 1004. An Act Relative to a Long Term Care Partnership Program. 2007. The Commonwealth of Massachusetts.
- Section 4. Senate No. 575.
- Long-Term Care Report 2002. The Massachusetts Senate.
- Divided We Fail. Key Findings in Massachusetts. 2008. AARP.
- State-Specific Data From The Genworth 2010 Cost of Care Survey.
