Cost, health, Home Care, Professionals, Seniors
In their latest “Cost of Long Term Care” study that looks at every state in the U.S., Genworth Financial shows there is good news for the 78% of Americans that say they would prefer to stay at home as long as possible. Now in its 35th year as a leading provider of long term care insurance, Genworth’s Cost of Care Survey helps raise public awareness of the various options available beyond just nursing home facilities, and the costs associated with each.
According to Genworth’s 2010 Cost of Care Survey, the cost to receive care in the home has risen at an annual rate of just 1.7 percent over the past five years. That compares to annual increases of 6.7 percent for assisted living facilities, and 4.5 percent for a private room in a nursing home, over the same period. For more information, here’s a good blog on long term care where first found this story, and Genworth Financials’ web site for details on the study itself, including a state-by-state cost breakdown.