Monday, April 9, 2012

Genworth 2012 Cost of Care Study for Long-Term Care Services

The new 2012 Genworth Cost of Care Survey by CareScout is now available. This will be Genworth's ninth year they have conducted a study nationwide of the cost of long-term care services. Some of the key findings in this study are:

  • Nursing Home, Semi-Private: Average cost nationally is $200 daily - with a 3.63% increase since 2011.
  • Nursing Home, Private: Average cost nationally is $222 daily - with a 4.23% increase since 2011.
  • Assisted Living Facility, One Bedroom: Average cost nationally is $3,300 monthly - with an 1.19% increase increase since 2011.
  • Adult Day Care: Average cost on a national basis is $61 a day - 1.67% increase since 2011.
  • Home Maker Services: Average cost on a national basis is $18 an hour - 0% increase since 2011.
  • Home Health Aide: Average cost nationally is $19 an hour - 0% increase since 2011.
According to the report, the cost of facility based care has steadily increased over the past 5 years, with about a 4.28% compound annual growth. However, the cost of care for home health care services has remained relatively the same over the past 5 years.

All of this information came from the 2012 Genworth Cost of Care Survey, to learn more and to see average cost of care in your city and state visit http://www.genworth.com/content/non_navigable/corporate/about_genworth/industry_expertise/cost_of_care.html

To request quotes and Genworth product information visit http://www.ltcinsurancethatmatters.com/long-term-care-insurance-inquiry.htm.

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