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The LA Times reported on Monday that seniors may save money by remaining in their home as they age.
Below are the reported cost averages:
*Average national cost per year of private-room nursing-home care: $77,745*
* Average national base rate per year of assisted-living care: $35,628**
* Average cost per year of one hour per day of home healthcare provided by a licensed practical nurse: $13,468***
* Average cost per year of one hour per day of care provided by a home health aide: $6,916***
*Average nursing home costs in Southern California are closer to $100,000 per year.
**As much as several hundred dollars per month may be added for such services as diabetic care, medication management or additional meals.
***For total costs under these scenarios, housing and living expenses should be factored in.
Source: MetLife, AARP,LA TIMES