Published on:

Ouch! Chicago Nursing Homes Average $77,198 Per Year

Chicago Nursing Homes Very ExpensiveAs if there wasn’t enough depressing economic news already bombarding you on a daily basis, a new report in Crain’s shows the cost of long-term care in Chicago has been increasing 6% annually since 2005– more than three times the rate of inflation.  According to a study completed by Genworth Financial Inc., the average cost of a private nursing home in Chicago will cost you $77,198, while a year admission to an assisted living facility in Chicago will cost you $46,398.

The nursing home costs in Chicago are sharply higher than the Illinois average rate of $62,974 and the national average for nursing home care of $74,208 per year.

Despite its expense, the Genworth study predicts that two-thirds of seniors will need some form of long-term care.  Paying for the care will be the hard part according to Buck Stinson, president of insurance products at Genworth. “Many Illinois residents who had planned to tap their hard-earned nest egg to cover future long-term care costs are finding this may no longer be a viable option given the economic downturn.”

Now for $211.50 per night, wouldn’t it be great to get some decent food?

Client Reviews

  • Having worked in the medical field, I appreciated the way that Mr. Rosenfeld and his staff approached my family’s situation. The combination of medical knowledge and legal expertise was indeed the winning combination for our case.
    ★★★★★
  • While nothing can change the way our mother was treated at a nursing facility, I do feel a sense of vindication that the facility was forced to pay for their treatment. I am certain that they would never have done had my attorneys not held their feet to the fire.
    ★★★★★
  • I was very nervous about initiating a claim against my mother’s nursing facility, but Rosenfeld Injury Lawyers took care of everything from getting the medical records to going to court. I felt like I had real advocates on my side. That meant a lot to me.
    ★★★★★
  • After a horrific episode at a nursing home, my sister and I spoke to a number of law firms. No one took the time to answer our questions and explain the legal process like Mr. Rosenfeld. He did a tremendous job on our case and I can see why he’s earned the praise he has from clients and peers.
    ★★★★★
  • I liked the fact that I could call the office and ask questions about the legal process at anytime. I could tell that my case was in good hands. I think that this was reflected in my father’s settlement was more than I anticipated the case ever being worth.
    ★★★★★