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Nursing Home Rates Stay Steady in 2008
Submitted by NHR on Tue, 10/28/2008 - 20:03
According to a just-released Survey of Nursing Home & Assisted Living Costs by MetLife, average private nursing home room rates remained unchanged nationally from 2007. Semi-private nursing home room rates, increased 1.1% to $69,715/yr, while the average Assisted living rates increased by 2.1% to $36,372/year.
What factor is most important to you in choosing a long-term care facility
Submitted by NHR on Mon, 10/20/2008 - 22:36
Social Security Benefits to increase 5.8% in 2009
Submitted by NHR on Sat, 10/18/2008 - 05:36
The Social Security Administration will be increasing the Social Security benefit by 5.8% for 2009. This benefit increase represents the annual Cost of Living Adjustment (COLA), and is the largest increase since 1982. The monthly benefit for retired workers will increase by $74/month to $1,153/month.
This increase reflects the larger than normal increases in cost of living expenses from the 3rd quarter of 2007 to 3rd quarter of 2008 in food, gas and other basic necessities.
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