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Long-Term Care Costs Increase in Delaware, Exceeding National Costs

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Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Delaware have increased year-over-year, surpassing national averages. The study indicates a continued upward trend in long-term care expenses across various care types nationwide, with most increases outpacing inflation rates.

The primary factors driving these cost increases are inflation and labor costs. The survey data and resources are now available on CareScout.com/cost-of-care, featuring interactive tools for calculating median long-term care costs, state-by-state comparisons, and access to CareScout's Quality Network of care providers.

Il sondaggio sui costi di assistenza 2024 di Genworth e CareScout rivela che i costi dell'assistenza a lungo termine nel Delaware sono aumentati anno dopo anno, superando le medie nazionali. Lo studio indica una continua tendenza al rialzo delle spese per l'assistenza a lungo termine in vari tipi di assistenza a livello nazionale, con la maggior parte degli aumenti che supera i tassi di inflazione.

I principali fattori che guidano questi aumenti dei costi sono l'inflazione e i costi del lavoro. I dati e le risorse del sondaggio sono ora disponibili su CareScout.com/cost-of-care, con strumenti interattivi per calcolare i costi mediani dell'assistenza a lungo termine, confronti tra stati e accesso alla Rete di Qualità dei fornitori di assistenza di CareScout.

La Encuesta de Costos de Cuidado 2024 de Genworth y CareScout revela que los costos de atención a largo plazo en Delaware han aumentado año tras año, superando los promedios nacionales. El estudio indica una tendencia al alza continua en los gastos de atención a largo plazo en varios tipos de atención a nivel nacional, con la mayoría de los aumentos superando las tasas de inflación.

Los principales factores que impulsan estos aumentos de costos son la inflación y los costos laborales. Los datos y recursos de la encuesta ya están disponibles en CareScout.com/cost-of-care, que cuenta con herramientas interactivas para calcular los costos medianos de atención a largo plazo, comparaciones estatales y acceso a la Red de Calidad de proveedores de atención de CareScout.

Genworth와 CareScout의 2024년 돌봄 비용 조사에 따르면 델라웨어의 장기 요양 비용이 매년 증가하고 있으며, 이는 전국 평균을 초과하고 있습니다. 이 연구는 다양한 돌봄 유형에서 장기 요양 비용이 계속해서 상승하는 추세를 나타내며, 대부분의 증가가 인플레이션율을 초과하고 있습니다.

이러한 비용 증가를 이끄는 주요 요인은 인플레이션과 인건비입니다. 조사 데이터와 자료는 현재 CareScout.com/cost-of-care에서 이용 가능하며, 주별 비교 및 CareScout의 품질 네트워크에 대한 접근과 함께 장기 요양 비용의 중간값을 계산하는 인터랙티브 도구를 제공합니다.

Le sondage sur le coût des soins 2024 de Genworth et CareScout révèle que les coûts des soins de longue durée dans le Delaware ont augmenté d'une année sur l'autre, dépassant les moyennes nationales. L'étude indique une tendance à la hausse continue des dépenses de soins de longue durée dans divers types de soins à l'échelle nationale, la plupart des augmentations dépassant les taux d'inflation.

Les principaux facteurs à l'origine de ces augmentations de coûts sont l'inflation et les coûts de main-d'œuvre. Les données et ressources de l'enquête sont désormais disponibles sur CareScout.com/cost-of-care, avec des outils interactifs pour calculer les coûts médians des soins de longue durée, des comparaisons entre États et un accès au réseau de qualité des prestataires de soins de CareScout.

Die Kostenumfrage 2024 von Genworth und CareScout zeigt, dass die Kosten für die Langzeitpflege in Delaware von Jahr zu Jahr gestiegen sind und die nationalen Durchschnittswerte übersteigen. Die Studie weist auf einen anhaltenden Aufwärtstrend bei den Langzeitpflegekosten in verschiedenen Pflegearten im ganzen Land hin, wobei die meisten Erhöhungen die Inflationsraten übertreffen.

Die Hauptfaktoren, die zu diesen Kostensteigerungen führen, sind Inflation und Arbeitskosten. Die Umfragedaten und -ressourcen sind jetzt auf CareScout.com/cost-of-care verfügbar, mit interaktiven Werkzeugen zur Berechnung der mittleren Langzeitpflegekosten, länderspezifischen Vergleichen und Zugang zum Qualitätsnetzwerk von Pflegeanbietern von CareScout.

Positive
  • Launch of comprehensive interactive cost planning tools on CareScout.com
  • Establishment of CareScout Quality Network for verified high-quality care providers
Negative
  • Long-term care costs in Delaware increasing faster than national average
  • Care costs rising above inflation rates across service types

RICHMOND, Va.--(BUSINESS WIRE)-- The cost of long-term care services in Delaware increased year-over-year, exceeding national costs, according to the 2024 Cost of Care Survey conducted by Genworth and CareScout.

“Genworth and CareScout are committed to helping our customers in Delaware create person-centered plans for how they want to receive care as they age,” said Jamala Arland, President & CEO, Genworth U.S. Life Insurance. “That means integrating a person’s values, preferences, and goals into the care they receive. The Cost of Care Survey is a great resource for individuals starting to create a plan, who want to learn more about different care types and see how costs may grow over time.”

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 Delaware compares with national trends and the previous year:

Annual Median Cost of Long-Term Care for Delaware

 

Delaware

National

Care Category

2024 Annual Cost

Change Since 20236

State Rank (High/Low) 7

2024 Annual Cost

Change Since 2023

Homemaker Services

$77,7922

42%

27

$75,504

10%

Home Health Aide

$77,792 2

15%

30

$77,792

3%

Adult Day Care

$9,1003

n/a8

$26,000

n/a8

Assisted Living Communities1

$102,690 4

15%

6

$70,800

10%

Nursing Home
Semi-Private Room

$170,0905

27%

7

$111,325

7%

Nursing Home
Private Room

$178,667.5 5

25%

10

$127,750

9%

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:

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 Richmond, Virginia, Genworth and its CareScout businesses provide guidance, products, and services that help people understand their caregiving options and fund their long-term care needs. Genworth is also the parent company and majority-owner of publicly traded Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider.

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 California
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.

Media Contact:

Ryan Clark

ryan.clark@genworth.com

Source: Genworth Financial, Inc.

FAQ

How much have long-term care costs increased in Delaware in 2024?

The survey indicates costs have increased year-over-year in Delaware, exceeding national averages, though specific percentage increases were not disclosed in the release.

What are the main factors driving up long-term care costs in Delaware?

The primary factors contributing to increased long-term care costs are inflation and labor costs.

Where can I find Genworth's 2024 Cost of Care Survey data?

The Cost of Care Survey data is available at www.CareScout.com/cost-of-care, featuring interactive tools and resources.

What resources does CareScout.com provide for long-term care planning?

CareScout.com offers cost calculation tools, state median data comparisons, a quality provider network, aging care planning guides, and information about funding long-term care services.
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