yep, expect LTC costs to rise faster than the general inflation rate.
25 years ago it cost mom in a skilled nursing facility $125/day as a private pay resident.
5 years ago her sister in a SNF cost $275/day private pay.
Even Medicaid went from paying $90/day to $200/day over the same time period.
Hmm I think my insurance only pays $180/day. 5 years. . . I often wonder if i should cancel it but it is fairly cheap ($500/year). . . one of those mistakes I made earlier in life that now IDK. . .
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