Long-Term Care Costs Increase in Arkansas, Remain Lower Than National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Arkansas have increased year-over-year, though remaining below national averages. The survey, which tracks various types of long-term care services, indicates that costs continue to rise nationwide at rates exceeding inflation.
Key factors driving the cost increases include:
- Inflation impacts
- Rising labor costs
The survey data is now accessible at www.CareScout.com/cost-of-care, featuring interactive tools for calculating median care costs, state-by-state comparisons, and resources for long-term care planning. CareScout, a Genworth company with over 50 years of expertise, aims to help families understand, locate, and finance quality long-term care services.
Il sondaggio sui costi di assistenza 2024 di Genworth e CareScout rivela che i costi dell'assistenza a lungo termine in Arkansas sono aumentati anno dopo anno, pur rimanendo al di sotto delle medie nazionali. Il sondaggio, che monitora vari tipi di servizi di assistenza a lungo termine, indica che i costi continuano ad aumentare a livello nazionale a tassi superiori all'inflazione.
I principali fattori che guidano l'aumento dei costi includono:
- Impatto dell'inflazione
- Aumento dei costi del lavoro
I dati del sondaggio sono ora accessibili su www.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. CareScout, una società di Genworth con oltre 50 anni di esperienza, mira ad aiutare le famiglie a comprendere, trovare e finanziare servizi di assistenza a lungo termine di qualità.
La Encuesta de Costos de Cuidado 2024 de Genworth y CareScout revela que los costos de atención a largo plazo en Arkansas han aumentado año tras año, aunque se mantienen por debajo de los promedios nacionales. La encuesta, que rastrea varios tipos de servicios de atención a largo plazo, indica que los costos continúan aumentando a nivel nacional a tasas que superan la inflación.
Los principales factores que impulsan el aumento de costos incluyen:
- Impactos de la inflación
- Aumento de los costos laborales
Los datos de la encuesta ahora están disponibles en www.CareScout.com/cost-of-care, que cuenta con herramientas interactivas para calcular los costos medianos de atención, comparaciones estado por estado y recursos para la planificación de la atención a largo plazo. CareScout, una empresa de Genworth con más de 50 años de experiencia, tiene como objetivo ayudar a las familias a comprender, localizar y financiar servicios de atención a largo plazo de calidad.
Genworth와 CareScout의 2024년 장기 요양 비용 조사에 따르면 아칸소의 장기 요양 비용이 매년 증가하고 있지만, 여전히 전국 평균보다 낮은 수준을 유지하고 있습니다. 다양한 유형의 장기 요양 서비스를 추적하는 이 조사는 비용이 전국적으로 인플레이션을 초과하는 속도로 계속 상승하고 있음을 나타냅니다.
비용 증가를 이끄는 주요 요인은 다음과 같습니다:
- 인플레이션의 영향
- 상승하는 노동 비용
조사 데이터는 이제 www.CareScout.com/cost-of-care에서 액세스할 수 있으며, 평균 요양 비용 계산, 주별 비교 및 장기 요양 계획을 위한 리소스를 제공하는 인터랙티브 도구가 포함되어 있습니다. CareScout는 50년 이상의 경험을 가진 Genworth의 자회사로, 가족들이 양질의 장기 요양 서비스를 이해하고, 찾고, 자금을 조달하는 데 도움을 주는 것을 목표로 합니다.
L'enquête sur le coût des soins 2024 de Genworth et CareScout révèle que les coûts des soins de longue durée en Arkansas ont augmenté d'une année sur l'autre, tout en restant en dessous des moyennes nationales. L'enquête, qui suit divers types de services de soins de longue durée, indique que les coûts continuent d'augmenter à l'échelle nationale à des taux dépassant l'inflation.
Les principaux facteurs à l'origine de l'augmentation des coûts comprennent:
- Les impacts de l'inflation
- La hausse des coûts de la main-d'œuvre
Les données de l'enquête sont désormais accessibles sur www.CareScout.com/cost-of-care, avec des outils interactifs pour calculer les coûts médian de soins, des comparaisons état par état et des ressources pour la planification des soins de longue durée. CareScout, une entreprise de Genworth avec plus de 50 ans d'expertise, vise à aider les familles à comprendre, localiser et financer des services de soins de longue durée de qualité.
Die Kostenumfrage 2024 von Genworth und CareScout zeigt, dass die Kosten für die Langzeitpflege in Arkansas von Jahr zu Jahr gestiegen sind, jedoch unter den nationalen Durchschnittswerten bleiben. Die Umfrage, die verschiedene Arten von Langzeitpflegediensten verfolgt, weist darauf hin, dass die Kosten landesweit schneller steigen als die Inflation.
Die Hauptfaktoren, die die Kostensteigerungen vorantreiben, sind:
- Inflationseinflüsse
- Steigende Arbeitskosten
Die Umfragedaten sind jetzt unter www.CareScout.com/cost-of-care verfügbar und bieten interaktive Werkzeuge zur Berechnung der durchschnittlichen Pflegekosten, länderübergreifende Vergleiche und Ressourcen für die Langzeitpflegeplanung. CareScout, ein Unternehmen von Genworth mit über 50 Jahren Erfahrung, hat es sich zum Ziel gesetzt, Familien zu helfen, qualitativ hochwertige Langzeitpflegedienste zu verstehen, zu finden und zu finanzieren.
- Survey data shows continued market growth in long-term care sector
- Company maintains strong market research position with comprehensive national survey
- Launch of new interactive tools and resources on CareScout.com platform
- Rising costs may impact service affordability and customer acquisition
- Cost increases outpacing inflation could pressure margins
“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
|
State Rank
|
2024 Annual Cost |
Change
|
Homemaker Services |
|
|
47 |
|
|
Home Health Aide |
|
- |
48 |
|
|
Adult Day Care |
n/a8 |
n/a8 |
|
|
n/a8 |
Assisted Living Communities1 |
|
|
45 |
|
|
Nursing Home
|
|
|
48 |
|
|
Nursing Home
|
|
- |
47 |
|
|
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 annual median cost and/or year- over-year change at this time.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250301363477/en/
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How much did long-term care costs increase in Arkansas in 2024?
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