Genworth’s 2012 Cost of Care Survey

The cost of long-term care varies widely depending on a person’s care needs, location, preferences and the availability of services that meet his or her needs. As you shop for long-term care, you can get an idea about what to expect with Genworth’s 2012 Cost of Care Survey.

 

The most comprehensive study of its kind, Genworth’s 2012 Cost of Care Survey, conducted by CareScout®, covers nearly 15,300 long-term care providers, across all 50 states and the District of Columbia, in 437 regions and cities nationwide, to help individuals plan with an eye toward costs in their preferred location and preferred care setting. The survey discloses the median annual cost of home care, adult day care, assisted living and nursing home care in 437 regions nationwide, making it the most comprehensive study of its kind!

 

Here are some highlights from Genworth’s recently released 2012 Cost of Care Survey:

 

– The cost to receive care in the home remained relatively unchanged from 2011 to 2012. The median hourly cost for homemaker services and home health aide services is $18 and $19, respectively.

 

– The median annual cost for care in an assisted living facility is $39,600 nationally. This represents an increase of 1.2 percent since 2011 and a 5.7 percent annual increase over the past five years.

 

– The median annual cost for care in a private nursing home room rose 4.2 percent from 2011 to 2012 to $81,030 nationally, or 4.3 percent annualized over the past five years.

 

Read More about  Genworth’s 2012 Cost of Care Survey

– CareScout

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