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Increasing Cost of Care

At the Estate Planning and Asset Protection Law Center, we help people protect homes and other assets from increasing health and nursing home costs.

As the costs of nursing homes (already averaging between $10,000 and $12,000 a month in Massachusetts) continue to rise, the risk of loss of your lifesavings and reduction in lifestyle as well as the loss of your legacy becomes greater and greater.

A nursing home stay of five years at $300 per day can cost an average family $605,000 in today’s values, but adjusted for inflation, that amount will grow significantly. Five years from now that same 5-year stay will cost $735,000 and ten years from now it will be $939,000. Click below to see the growth of costs from year to year with an inflation rate of 5%.

Taking steps now can protect your lifestyle and legacy from these potentially devastating costs.

CLICK HERE TO SEE THE IMPACT OF INFLATION ON NURSING HOME COSTS