Long-Term Care Costs in Virginia On Par with National Costs
Genworth and CareScout have released their 2024 Cost of Care Survey for Virginia, revealing that long-term care service costs in the state remain comparable to national averages, with mixed year-over-year changes across different care settings.
The national data indicates a continued upward trend in long-term care costs, with increases exceeding inflation rates. The primary factors driving these cost increases are identified as inflation and labor costs.
The survey results are now accessible at CareScout.com/cost-of-care, featuring interactive tools for calculating median care costs, state-by-state comparisons, and resources for long-term care planning. The platform also introduces the CareScout Quality Network, a curated selection of long-term care providers meeting high-quality standards for person-centered care.
Genworth e CareScout hanno pubblicato il loro Rapporto sui Costi dell'Assistenza 2024 per la Virginia, rivelando che i costi dei servizi di assistenza a lungo termine nello stato rimangono comparabili alla media nazionale, con cambiamenti misti anno dopo anno tra i diversi contesti di assistenza.
I dati nazionali indicano una continua tendenza al rialzo nei costi dell'assistenza a lungo termine, con aumenti che superano i tassi di inflazione. I principali fattori che guidano questi aumenti di costo sono identificati come l'inflazione e i costi del lavoro.
I risultati del sondaggio sono ora accessibili su CareScout.com/cost-of-care, che offre strumenti interattivi per calcolare i costi medi dell'assistenza, confronti tra stati e risorse per la pianificazione dell'assistenza a lungo termine. La piattaforma introduce anche la Rete di Qualità CareScout, una selezione curata di fornitori di assistenza a lungo termine che soddisfano elevati standard di qualità per un'assistenza centrata sulla persona.
Genworth y CareScout han publicado su Encuesta de Costos de Atención 2024 para Virginia, revelando que los costos de los servicios de atención a largo plazo en el estado siguen siendo comparables con los promedios nacionales, con cambios mixtos de un año a otro en diferentes entornos de atención.
Los datos nacionales indican una tendencia continua al alza en los costos de atención a largo plazo, con aumentos que superan las tasas de inflación. Los principales factores que impulsan estos aumentos de costos se identifican como la inflación y los costos laborales.
Los resultados de la encuesta ahora son accesibles en CareScout.com/cost-of-care, que presenta herramientas interactivas para calcular los costos medianos de atención, comparaciones entre estados y recursos para la planificación de la atención a largo plazo. La plataforma también presenta la Red de Calidad CareScout, una selección curada de proveedores de atención a largo plazo que cumplen con altos estándares de calidad para una atención centrada en la persona.
Genworth와 CareScout는 버지니아를 위한 2024년 장기 요양 비용 조사를 발표하며, 주의 장기 요양 서비스 비용이 전국 평균과 비슷하게 유지되고 있으며, 다양한 요양 환경에서 해마다 혼합된 변화가 있음을 밝혔습니다.
국가 데이터는 장기 요양 비용이 계속 상승하는 추세를 보이며, 증가율이 인플레이션율을 초과하고 있음을 나타냅니다. 이러한 비용 증가를 이끄는 주요 요인은 인플레이션과 인건비로 확인됩니다.
조사 결과는 이제 CareScout.com/cost-of-care에서 확인할 수 있으며, 중간 요양 비용 계산, 주별 비교 및 장기 요양 계획을 위한 리소스를 제공하는 인터랙티브 도구를 포함하고 있습니다. 이 플랫폼은 또한 개인 중심의 고품질 기준을 충족하는 장기 요양 제공업체의 선별된 목록인 CareScout 품질 네트워크를 소개합니다.
Genworth et CareScout ont publié leur Enquête sur le Coût de la Prise en Charge 2024 pour la Virginie, révélant que les coûts des services de soins de longue durée dans l'État restent comparables aux moyennes nationales, avec des changements annuels variés selon les différents contextes de soins.
Les données nationales indiquent une tendance à la hausse continue des coûts des soins de longue durée, avec des augmentations dépassant les taux d'inflation. Les principaux facteurs à l'origine de ces augmentations de coûts sont identifiés comme l'inflation et les coûts de main-d'œuvre.
Les résultats de l'enquête sont désormais accessibles sur CareScout.com/cost-of-care, avec des outils interactifs pour calculer les coûts médians des soins, des comparaisons par État et des ressources pour la planification des soins de longue durée. La plateforme introduit également le Réseau de Qualité CareScout, une sélection soigneusement choisie de fournisseurs de soins de longue durée répondant à des normes de qualité élevées pour des soins centrés sur la personne.
Genworth und CareScout haben ihre Kostenstudie zur Pflege 2024 für Virginia veröffentlicht, die zeigt, dass die Kosten für langfristige Pflegeleistungen im Bundesstaat mit den nationalen Durchschnittswerten vergleichbar bleiben, wobei es in verschiedenen Pflegebereichen gemischte Veränderungen im Jahresvergleich gibt.
Die nationalen Daten zeigen einen anhaltenden Aufwärtstrend bei den Kosten für langfristige Pflege, wobei die Anstiege die Inflationsraten übersteigen. Die Hauptfaktoren, die diese Kostensteigerungen antreiben, sind als Inflation und Arbeitskosten identifiziert.
Die Umfrageergebnisse sind jetzt auf CareScout.com/cost-of-care verfügbar und bieten interaktive Werkzeuge zur Berechnung der medianen Pflegekosten, bundesstaatliche Vergleiche und Ressourcen für die Planung der langfristigen Pflege. Die Plattform führt auch das CareScout-Qualitätsnetzwerk ein, eine kuratierte Auswahl von langfristigen Pflegeanbietern, die hohe Qualitätsstandards für personenzentrierte Pflege erfüllen.
- Launch of new interactive cost planning platform on CareScout.com
- Introduction of CareScout Quality Network for high-standard care providers
- Long-term care costs continue to rise above inflation rates
- Increasing labor costs affecting service pricing
“Genworth and CareScout are committed to helping our customers in
National 2024 Cost of Care Survey data showed a continued upward trajectory in long-term care costs across care types, with cost increases for most care types continuing to outpace inflation rates1. The top factors contributing to increased costs were inflation and labor costs. Here’s how the cost of care in
Annual Median Cost of Long-Term Care for |
|||||
|
|
National |
|||
Care Category |
2024 Annual Cost |
Change Since 20236 |
State Rank (High/Low)7 |
2024 Annual Cost |
Change Since 2023 |
Homemaker Services |
|
- |
34 |
|
|
Home Health Aide |
|
|
36 |
|
|
Adult Day Care |
|
n/a8 |
|
|
n/a8 |
Assisted Living Communities1 |
|
|
16 |
|
|
Nursing Home
|
|
- |
38 |
|
|
Nursing Home
|
|
- |
37 |
|
|
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. On CareScout.com, you’ll find an array of resources including:
- 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 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 “United States Inflation Rate” (https://tradingeconomics.com/united-states/inflation-cpi), site accessed 02/09/25
Table Footnotes
1 Referred to as Residential Care facilities in
2 Based on 44 hours per week for 52 weeks
3 Based on 5 days per week for 52 weeks
4 Based on 12 months of care, private, one bedroom
5 Based on 365 days of care
6 Based on 2023 and 2024 Annual Percentage Change
7 Ranking based on the highest to lowest cost per state for each care category
8 Adult Day Care is a less prevalent care type. As a result, we were not able to provide year-over-year change at this time.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250301223880/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How did Virginia's long-term care costs change in 2024 according to GNW's survey?
What are the main factors driving long-term care cost increases in GNW's 2024 survey?
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