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Long-Term Care Costs Increase in Louisiana, Remain Lower Than National Costs

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

Key factors driving the cost increases include inflation and labor costs. The survey data and tools are now accessible at www.CareScout.com/cost-of-care, featuring interactive resources such as:

  • Cost of Care Survey calculation tool
  • National and state median cost comparisons
  • CareScout Quality Network of vetted care providers
  • Aging care planning guides
  • Information on long-term care funding options

Il sondaggio sui costi delle cure 2024 di Genworth e CareScout rivela che i costi delle cure a lungo termine in Louisiana sono aumentati anno dopo anno, sebbene rimangano al di sotto delle medie nazionali. Il sondaggio indica una continua tendenza al rialzo delle spese per le cure a lungo termine in tutto il paese, con la maggior parte degli aumenti che supera i tassi di inflazione.

I principali fattori che guidano gli aumenti dei costi includono l'inflazione e i costi del lavoro. I dati e gli strumenti del sondaggio sono ora accessibili su www.CareScout.com/cost-of-care, con risorse interattive come:

  • Strumento di calcolo del sondaggio sui costi delle cure
  • Confronti dei costi mediani nazionali e statali
  • Rete di qualità CareScout di fornitori di cure selezionati
  • Guide alla pianificazione delle cure per la terza età
  • Informazioni sulle opzioni di finanziamento per le cure a lungo termine

La encuesta de costos de atención 2024 de Genworth y CareScout revela que los costos de atención a largo plazo en Louisiana han aumentado año tras año, aunque se mantienen por debajo de los promedios nacionales. La encuesta indica una tendencia al alza continua en los gastos de atención a largo plazo en todo el país, con la mayoría de los aumentos superando las tasas de inflación.

Los principales factores que impulsan el aumento de costos incluyen la inflación y los costos laborales. Los datos y herramientas de la encuesta ahora están disponibles en www.CareScout.com/cost-of-care, con recursos interactivos como:

  • Herramienta de cálculo de la encuesta de costos de atención
  • Comparaciones de costos medianos nacionales y estatales
  • Red de calidad CareScout de proveedores de atención verificados
  • Guías de planificación de atención para personas mayores
  • Información sobre opciones de financiamiento para atención a largo plazo

Genworth와 CareScout의 2024년 장기 요양 비용 조사에 따르면, 루이지애나의 장기 요양 비용이 매년 증가하고 있지만, 여전히 국가 평균보다 낮은 수준을 유지하고 있습니다. 이 조사는 국가적으로 다양한 요양 유형에서 장기 요양 비용이 계속 상승하고 있으며, 대부분의 증가가 인플레이션율을 초과하고 있음을 나타냅니다.

비용 증가를 주도하는 주요 요인은 인플레이션과 노동 비용입니다. 조사 데이터와 도구는 이제 www.CareScout.com/cost-of-care에서 접근할 수 있으며, 다음과 같은 인터랙티브 리소스를 제공합니다:

  • 장기 요양 비용 조사 계산 도구
  • 국가 및 주별 중간 비용 비교
  • 검증된 요양 제공자의 CareScout 품질 네트워크
  • 노인 요양 계획 가이드
  • 장기 요양 자금 조달 옵션에 대한 정보

L'enquête sur le coût des soins 2024 de Genworth et CareScout révèle que les coûts des soins de longue durée en Louisiane ont augmenté d'une année sur l'autre, bien qu'ils restent inférieurs aux moyennes nationales. L'enquête indique une tendance à la hausse continue des dépenses de soins de longue durée dans divers types de soins au niveau national, la plupart des augmentations dépassant les taux d'inflation.

Les principaux facteurs à l'origine de l'augmentation des coûts incluent l'inflation et les coûts de main-d'œuvre. Les données et outils de l'enquête sont désormais accessibles sur www.CareScout.com/cost-of-care, avec des ressources interactives telles que :

  • Outil de calcul de l'enquête sur le coût des soins
  • Comparaisons des coûts médians nationaux et étatiques
  • Réseau de qualité CareScout de prestataires de soins vérifiés
  • Guides de planification des soins pour les personnes âgées
  • Informations sur les options de financement des soins de longue durée

Die Kostenumfrage 2024 von Genworth und CareScout zeigt, dass die Kosten für die Langzeitpflege in Louisiana von Jahr zu Jahr gestiegen sind, obwohl sie unter den nationalen Durchschnittswerten bleiben. Die Umfrage weist auf einen anhaltenden Aufwärtstrend bei den Langzeitpflegeausgaben in verschiedenen Pflegearten im ganzen Land hin, wobei die meisten Erhöhungen die Inflationsraten übertreffen.

Wichtige Faktoren, die die Kostensteigerungen antreiben, sind Inflation und Arbeitskosten. Die Umfragedaten und -werkzeuge sind jetzt unter www.CareScout.com/cost-of-care verfügbar, mit interaktiven Ressourcen wie:

  • Berechnungstool für die Kostenumfrage
  • Vergleiche der nationalen und bundesstaatlichen Medianpreise
  • CareScout Qualitätsnetzwerk von geprüften Pflegeanbietern
  • Leitfäden zur Pflegeplanung im Alter
  • Informationen zu Finanzierungsmöglichkeiten für Langzeitpflege
Positive
  • Louisiana's long-term care costs remain below national average
Negative
  • Year-over-year increase in long-term care costs
  • Care cost increases outpacing inflation rates

RICHMOND, Va.--(BUSINESS WIRE)-- The cost of long-term care services in Louisiana increased year-over-year, but remains lower than 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 Louisiana 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 Louisiana compares with national trends and the previous year:

Annual Median Cost of Long-Term Care for Louisiana

 

Louisiana

National

Care Category

2024 Annual Cost

Change Since 20236

State Rank (High/Low) 7

2024 Annual Cost

Change Since 2023

Homemaker Services

$45,7602

n/a9

51

$75,504

10%

Home Health Aide

$50,336 2

-10%

51

$77,792

3%

Adult Day Care

$18,8503

n/a8

$26,000

n/a8

Assisted Living Communities1

$61,200 4

7%

41

$70,800

10%

Nursing Home
Semi-Private Room

$89,7905

8%

47

$111,325

7%

Nursing Home
Private Room

$91,250 5

2%

48

$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.
9 Due to low responses in 2023, we are unable to provide state level changes this year.

Media Contact:

Ryan Clark

ryan.clark@genworth.com

Source: Genworth Financial, Inc.

FAQ

How have long-term care costs changed in Louisiana according to Genworth's 2024 survey?

According to the 2024 Cost of Care Survey, long-term care costs in Louisiana have increased compared to the previous year, though they remain lower than the national average.

What are the main factors driving the increase in long-term care costs in 2024?

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

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

The Cost of Care Survey data is now 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 an interactive cost calculator, state median cost comparisons, a quality provider network, aging care planning guides, and information about funding long-term care.
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