According to Genworth Financial, the median annual charge for a private room in a nursing home in 2020 was $126,838. This was a 15.83 percent increase over the 2019 figure, so costs have been rising. The median annual rate for an in-home health aide was over $66,000.
Just over 50 percent of people that require paid care need the assistance for more than a year, and 13 percent accumulate expenses for more than five years. A married couple should be prepared to address two different sets of nursing home bills, so the numbers can get rather large.