Long-Term Care Costs Increase in Florida, On Par with National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Florida have increased year-over-year, maintaining pace with national trends. The survey indicates that cost increases for most care types are outpacing inflation rates, primarily driven by inflation and labor costs.
The survey data is now accessible at CareScout.com/cost-of-care, featuring interactive tools to calculate median long-term care costs by area, state-level data comparisons, and access to the CareScout Quality Network of care providers. The platform also offers resources for aging care planning and information about funding 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 Florida sono aumentati di anno in anno, mantenendo il passo con le tendenze nazionali. Il sondaggio indica che gli aumenti dei costi per la maggior parte dei tipi di assistenza superano i tassi di inflazione, principalmente a causa di inflazione e costi del lavoro.
I dati del sondaggio sono ora accessibili su CareScout.com/cost-of-care, con strumenti interattivi per calcolare i costi mediani dell'assistenza a lungo termine per area, confronti di dati a livello statale e accesso alla Rete di Qualità CareScout di fornitori di assistenza. La piattaforma offre anche risorse per la pianificazione dell'assistenza agli anziani e informazioni sul finanziamento dei servizi di assistenza a lungo termine.
La Encuesta de Costos de Cuidado 2024 de Genworth y CareScout revela que los costos de cuidado a largo plazo en Florida han aumentado año tras año, manteniendo el ritmo con las tendencias nacionales. La encuesta indica que los aumentos de costos para la mayoría de los tipos de cuidado están superando las tasas de inflación, impulsados principalmente por la inflación y los costos laborales.
Los datos de la encuesta ahora están disponibles en CareScout.com/cost-of-care, que cuenta con herramientas interactivas para calcular los costos medianos de cuidado a largo plazo por área, comparaciones de datos a nivel estatal y acceso a la Red de Calidad CareScout de proveedores de cuidado. La plataforma también ofrece recursos para la planificación del cuidado de personas mayores e información sobre el financiamiento de servicios de cuidado a largo plazo.
Genworth와 CareScout의 2024년 장기 요양 비용 조사에 따르면 플로리다의 장기 요양 비용이 매년 증가하고 있으며, 이는 국가적 추세와 일치하고 있습니다. 조사 결과에 따르면 대부분의 요양 유형에 대한 비용 증가가 인플레이션율을 초과하고 있으며, 이는 주로 인플레이션과 인건비에 의해 촉발되고 있습니다.
조사 데이터는 이제 CareScout.com/cost-of-care에서 접근할 수 있으며, 지역별 장기 요양 비용의 중간 값을 계산할 수 있는 대화형 도구, 주별 데이터 비교 및 CareScout 품질 네트워크의 요양 제공업체에 대한 접근을 제공합니다. 또한 이 플랫폼은 노인 요양 계획을 위한 자원과 장기 요양 서비스 자금 조달에 대한 정보를 제공합니다.
Le sondage sur le coût des soins 2024 de Genworth et CareScout révèle que les coûts des soins de longue durée en Floride ont augmenté d'année en année, suivant les tendances nationales. Le sondage indique que les augmentations de coûts pour la plupart des types de soins dépassent les taux d'inflation, principalement en raison de l'inflation et des coûts de main-d'œuvre.
Les données du sondage sont désormais accessibles sur CareScout.com/cost-of-care, avec des outils interactifs pour calculer les coûts médians des soins de longue durée par zone, des comparaisons de données au niveau des États et un accès au Réseau de Qualité CareScout de fournisseurs de soins. La plateforme propose également des ressources pour la planification des soins aux personnes âgées et des informations sur le financement des services de soins de longue durée.
Die Kostenstudie 2024 von Genworth und CareScout zeigt, dass die Kosten für die Langzeitpflege in Florida von Jahr zu Jahr gestiegen sind und mit den nationalen Trends Schritt halten. Die Umfrage zeigt, dass die Kostensteigerungen für die meisten Pflegearten die Inflationsraten übertreffen, was hauptsächlich durch Inflation und Arbeitskosten bedingt ist.
Die Umfragedaten sind jetzt auf CareScout.com/cost-of-care verfügbar, mit interaktiven Tools zur Berechnung der medianen Langzeitpflegekosten nach Region, staatlichen Datenvergleichen und Zugang zum CareScout Qualitätsnetzwerk von Pflegeanbietern. Die Plattform bietet auch Ressourcen für die Planung der Altenpflege und Informationen zur Finanzierung von Langzeitpflegediensten.
- Launch of comprehensive interactive cost planning tools on CareScout.com
- Establishment of CareScout Quality Network for verified high-quality care providers
- Long-term care costs increasing faster than inflation rates
- Rising labor costs impacting care service expenses
“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 |
|
|
40 |
|
|
Home Health Aide |
|
|
41 |
|
|
Adult Day Care |
|
n/a8 |
|
|
n/a8 |
Assisted Living Communities1 |
|
|
35 |
|
|
Nursing Home
|
|
|
21 |
|
|
Nursing Home
|
|
|
23 |
|
|
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/20250301664457/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How much have long-term care costs increased in Florida for 2024?
What are the main factors driving up long-term care costs in Florida?
Where can I access Genworth's 2024 Cost of Care Survey data?
What resources does CareScout.com provide for long-term care planning?
