Genworth and CareScout Release Cost of Care Survey Results for 2024
Genworth and CareScout's 2024 Cost of Care Survey reveals significant increases across all long-term care services. Homemaker services and assisted living communities saw the highest growth at 10%, with annual median costs reaching $75,504 and $70,800 respectively.
Key findings include:
- Home health aide costs rose 3% to $77,792 annually
- Adult day care increased 5% to $26,000 per year
- Nursing home costs grew: semi-private rooms up 7% to $111,325, private rooms up 9% to $127,750
- Assisted living occupancy rates increased from 77% to 84%
The survey identified inflation as the primary cost driver for assisted living, nursing homes, and adult day care centers, while labor costs primarily affected home care services. Notably, two-thirds of home care agencies now charge the same rate for both health aide and homemaker services.
Il sondaggio sui costi di assistenza 2024 di Genworth e CareScout rivela aumenti significativi in tutti i servizi di assistenza a lungo termine. I servizi di assistenza domestica e le comunità di vita assistita hanno registrato la crescita più alta, pari al 10%, con costi mediani annuali che raggiungono rispettivamente $75,504 e $70,800.
I principali risultati includono:
- I costi per assistenti domiciliari sono aumentati del 3% a $77,792 all'anno
- Il costo per la cura diurna per adulti è aumentato del 5% a $26,000 all'anno
- I costi delle case di cura sono cresciuti: le stanze semi-private sono aumentate del 7% a $111,325, le stanze private del 9% a $127,750
- I tassi di occupazione delle comunità di vita assistita sono aumentati dal 77% all'84%
Il sondaggio ha identificato l'inflazione come il principale fattore di costo per le comunità di vita assistita, le case di cura e i centri di cura diurna per adulti, mentre i costi del lavoro hanno influenzato principalmente i servizi di assistenza domiciliare. È notevole che due terzi delle agenzie di assistenza domiciliare ora applicano la stessa tariffa sia per i servizi di assistenza sanitaria che per quelli di assistenza domestica.
La encuesta de costos de atención 2024 de Genworth y CareScout revela aumentos significativos en todos los servicios de atención a largo plazo. Los servicios de asistencia en el hogar y las comunidades de vida asistida vieron el mayor crecimiento, del 10%, con costos medianos anuales que alcanzan $75,504 y $70,800 respectivamente.
Los hallazgos clave incluyen:
- Los costos de los asistentes de salud en el hogar aumentaron un 3% a $77,792 anuales
- El cuidado diurno para adultos aumentó un 5% a $26,000 por año
- Los costos de los hogares de ancianos crecieron: las habitaciones semi-privadas subieron un 7% a $111,325, las habitaciones privadas un 9% a $127,750
- Las tasas de ocupación de las comunidades de vida asistida aumentaron del 77% al 84%
La encuesta identificó la inflación como el principal impulsor de costos para las comunidades de vida asistida, los hogares de ancianos y los centros de cuidado diurno para adultos, mientras que los costos laborales afectaron principalmente los servicios de atención domiciliaria. Es notable que dos tercios de las agencias de atención domiciliaria ahora cobran la misma tarifa tanto por los servicios de asistencia sanitaria como por los de asistencia en el hogar.
Genworth와 CareScout의 2024년 요양 비용 조사는 모든 장기 요양 서비스에서 상당한 증가를 보여줍니다. 가사 도우미 서비스와 보조 생활 공동체는 각각 10% 증가하여 연간 중간 비용이 $75,504 및 $70,800에 도달했습니다.
주요 발견 사항은 다음과 같습니다:
- 홈 헬프 비용이 3% 증가하여 연간 $77,792에 도달했습니다.
- 성인 주간 보육 비용이 5% 증가하여 연간 $26,000에 달했습니다.
- 요양원 비용이 증가했습니다: 반개인실은 7% 증가하여 $111,325, 개인실은 9% 증가하여 $127,750입니다.
- 보조 생활의 점유율이 77%에서 84%로 증가했습니다.
조사는 인플레이션을 보조 생활, 요양원 및 성인 주간 보육 센터의 주요 비용 요인으로 식별했으며, 노동 비용은 주로 홈 케어 서비스에 영향을 미쳤습니다. 특히, 홈 케어 기관의 3분의 2는 이제 건강 보조인 서비스와 가사 도우미 서비스에 대해 동일한 요금을 부과합니다.
Le sondage sur le coût des soins 2024 de Genworth et CareScout révèle des augmentations significatives dans tous les services de soins de longue durée. Les services d'aide à domicile et les communautés de vie assistée ont connu la plus forte croissance à 10%, avec des coûts médians annuels atteignant respectivement 75 504 $ et 70 800 $.
Les principales conclusions incluent:
- Les coûts des aides à domicile ont augmenté de 3% pour atteindre 77 792 $ par an
- Les soins de jour pour adultes ont augmenté de 5% pour atteindre 26 000 $ par an
- Les coûts des maisons de retraite ont augmenté : les chambres semi-privées ont augmenté de 7% pour atteindre 111 325 $, les chambres privées de 9% pour atteindre 127 750 $
- Les taux d'occupation des communautés de vie assistée ont augmenté de 77% à 84%
Le sondage a identifié l'inflation comme le principal moteur des coûts pour les communautés de vie assistée, les maisons de retraite et les centres de soins de jour pour adultes, tandis que les coûts de main-d'œuvre ont principalement affecté les services de soins à domicile. Il est à noter que deux tiers des agences de soins à domicile facturent désormais le même tarif pour les services d'aide à la santé et d'aide à domicile.
Die Kostenumfrage 2024 von Genworth und CareScout zeigt signifikante Erhöhungen in allen Bereichen der Langzeitpflege. Haushaltsdienste und Betreutes Wohnen verzeichneten mit 10% das höchste Wachstum, wobei die jährlichen Medianpreise $75,504 und $70,800 erreichten.
Wesentliche Ergebnisse umfassen:
- Die Kosten für häusliche Pflegekräfte stiegen um 3% auf $77,792 jährlich
- Die Kosten für die Tagespflege für Erwachsene erhöhten sich um 5% auf $26,000 pro Jahr
- Die Kosten für Pflegeheime wuchsen: halbprivate Zimmer stiegen um 7% auf $111,325, private Zimmer um 9% auf $127,750
- Die Belegungsquote in betreuten Wohnanlagen stieg von 77% auf 84%
Die Umfrage identifizierte die Inflation als den Hauptkostentreiber für betreutes Wohnen, Pflegeheime und Tagespflegezentren für Erwachsene, während die Arbeitskosten hauptsächlich die häuslichen Pflegeleistungen beeinflussten. Bemerkenswert ist, dass zwei Drittel der häuslichen Pflegeagenturen jetzt den gleichen Satz für Gesundheitshelfer und Haushaltsdienste berechnen.
- None.
- None.
Growth in homemaker and assisted living community costs outpace other care types, with
Home health aide and homemaker service rates begin to converge
“Genworth and CareScout are committed to helping our customers create person-centered plans for how they want to receive care as they age,” said Jamala Arland, President & CEO, Genworth
Cost of Care
The 2024 survey found the costs of long-term care services increased since 2023:
-
The cost of a home health aide, which includes “hands-on” personal assistance with activities such as bathing, dressing, and eating, has increased
3% to an annual median cost of$77,792 10% to an annual median cost of$75,504
Driving the outsized increase in homemaker services is the compression between home health aide and homemaker service rates. Two-thirds of home care agencies surveyed now charge the same rate for both types of service, where the less clinical homemaker tasks historically have demanded lower rates.
-
The annual national median cost for adult day care was
$26,000 5% increase over the prior year. -
Assisted living community costs increased by
10% to an annual national median cost of$70,800 77% to84% , which may be pressuring supply and driving higher rates. -
The national annual median cost of a semi-private room in a nursing home rose to
$111,325 7% , while the cost of a private room in a nursing home increased9% to$127,750
“We make plans to buy a house, send our kids to college, and even to retire, but few Americans plan for future long-term care needs. The Cost of Care Survey is a great tool to inform this essential planning as families consider how they’ll pay for care should they need it,” said A. Lynn White, CEO, CareScout Insurance. “CareScout is poised to assist in that planning with our inaugural long-term care insurance product, which we expect to make available later this year.”
Cost Drivers
2024 survey participants reported:
- Inflation was the top factor contributing to cost increases for assisted living communities, nursing homes, and adult day care centers.
- For home care services, labor costs were the top contributing factor to cost increases.
“As we built the CareScout Quality Network, we spoke with hundreds of care providers who shared that inflation and labor costs continue to drive rate increases,” said Samir Shah, President & CEO CareScout Services. “If you couple these economic factors with the growing demand for long-term care services as the Baby Boomer generation ages, families are challenged to find high-quality long-term care at affordable prices. The CareScout Quality Network is an important step to help address that challenge.”
The Cost of Care Survey has a new home: www.CareScout.com/cost-of-care. CareScout, a Genworth company, has been part of the Cost of Care survey since its first edition in 2004. Leveraging Genworth’s 50+ years of expertise in long-term care, CareScout is on a mission to help more families understand, find, and fund high-quality long-term care.
Some helpful resources include:
- The Cost of Care Survey tool, an interactive web-based tool to help calculate the median cost of long-term care services in your area.
- National and state median data and ranked state data tables to help you see median costs across care types at-a-glance.
- The CareScout Quality Network, a first-of-its-kind network of long-term care providers who meet high-standards for quality, person-centered care.
- A guide to aging care planning to help care seekers gather and organize information and resources to make the aging journey a smooth one.
- Information about paying for long-term care services for yourself or a loved one.
-
Perspectives on person-centered care – what it is and why you should insist on it.
About the 2024 Cost of Care Survey
The annual Cost of Care Survey, one of the most comprehensive studies of its kind, contacted more than 140,000 long-term care providers nationwide to complete more than 15,000 surveys for nursing homes, assisted living communities, adult day health facilities and home care providers from July to December 2024. The survey collected rates for 2024 and includes 431 regions based on the Metropolitan Statistical Areas, defined by the Office of Management and Budget as a core area containing a substantial population nucleus, together with adjacent communities having a high degree of economic and social integration with that core. However, due to statistical variance, actual costs for long-term care services may differ from the projected cost based on ZIP Code or location.
About Genworth Financial
Genworth Financial, Inc (“Genworth”) (NYSE: GNW) is a Fortune 500 company focused on empowering families to navigate the aging journey with confidence, now and in the future. Headquartered in
About CareScout
CareScout helps older adults and their families navigate the aging journey and find quality care. Inspired by a mission to simplify and dignify the aging experience, we're building an integrated ecosystem of care and funding solutions. To learn more about CareScout, visit www.CareScout.com. CareScout, LLC (CareScout) is a wholly owned subsidiary of Genworth Financial, Inc. (NYSE: GNW).
1 Referred to as Residential Care Facilities in
2 “United States Inflation Rate” (https://tradingeconomics.com/united-states/inflation-cpi), site accessed 02/09/25.
3 Based on 44 hours per week for 52 weeks.
4 Based on 5 days of care a week for 52 weeks.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250301584443/en/
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
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