By 2020, Pennsylvania\’s 60 and older population is expected to be 25% of the total population to more than 3 million people. By 2020, the number of people age 85 or older is also expected to increase 10% to more than 360,000 residents. (2007 Census) Pennsylvania’s long term care cost is higher than the national average. Medicaid pays an average of $7.50 per hour for care services in nursing homes. Nationally, the average annual cost for a private room in a nursing home is $74,806. The average annual cost for a private room in a Pennsylvania nursing home is $77,646. In the greater Philadelphia region, the cost is higher for a nursing home private room, at $91,954 annually (Genworth Financial 2007 Cost of Care Survey).
What is the difference between medicare and medicaid? Watch the video to learn more:
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