Long-Term Care Costs Increase in Maine, Exceeding National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care service costs in Maine have increased year-over-year, surpassing national averages. The survey indicates a continued upward trend in long-term care costs across various care types nationally, with most increases outpacing inflation rates.
The primary factors driving these cost increases are inflation and labor costs. The survey results and additional resources are now available on CareScout.com/cost-of-care, featuring interactive tools to calculate median costs, state-by-state comparisons, and access to CareScout's Quality Network of long-term care providers.
Il Rapporto sui Costi di Assistenza 2024 di Genworth e CareScout rivela che i costi dei servizi di assistenza a lungo termine nel Maine sono aumentati anno dopo anno, superando le medie nazionali. Il sondaggio indica una continua tendenza al rialzo dei costi di 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 di costo sono l'inflazione e i costi del lavoro. I risultati del sondaggio e ulteriori risorse sono ora disponibili su CareScout.com/cost-of-care, con strumenti interattivi per calcolare i costi medi, confronti tra stati e accesso alla Rete di Qualità di CareScout di fornitori di assistenza a lungo termine.
La Encuesta sobre Costos de Atención 2024 de Genworth y CareScout revela que los costos de los servicios de atención a largo plazo en Maine han aumentado año tras año, superando los promedios nacionales. La encuesta indica una tendencia continua al alza en los costos 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 resultados de la encuesta y recursos adicionales ya están disponibles en CareScout.com/cost-of-care, con herramientas interactivas para calcular los costos medianos, comparaciones entre estados y acceso a la Red de Calidad de CareScout de proveedores de atención a largo plazo.
Genworth와 CareScout의 2024년 장기 요양 비용 조사에 따르면, 메인주의 장기 요양 서비스 비용이 해마다 증가하고 있으며, 이는 국가 평균을 초과하고 있습니다. 조사 결과는 다양한 요양 유형에서 장기 요양 비용이 계속해서 상승하는 추세를 보이며, 대부분의 비용 증가가 인플레이션율을 초과하고 있음을 나타냅니다.
이러한 비용 증가를 유발하는 주요 요인은 인플레이션과 노동 비용입니다. 조사 결과 및 추가 자료는 현재 CareScout.com/cost-of-care에서 이용 가능하며, 중간 비용을 계산하고 주별 비교를 할 수 있는 인터랙티브 도구와 CareScout의 장기 요양 제공자 품질 네트워크에 접근할 수 있습니다.
Le Rapport sur les Coûts de Soins 2024 de Genworth et CareScout révèle que les coûts des services de soins à long terme dans le Maine ont augmenté d'une année sur l'autre, dépassant les moyennes nationales. L'enquête indique une tendance à la hausse continue des coûts des soins à long terme 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 résultats de l'enquête et d'autres ressources sont maintenant disponibles sur CareScout.com/cost-of-care, avec des outils interactifs pour calculer les coûts médians, des comparaisons entre États et un accès au Réseau de Qualité de CareScout pour les fournisseurs de soins à long terme.
Die Kostenumfrage 2024 von Genworth und CareScout zeigt, dass die Kosten für langfristige Pflegeleistungen in Maine im Jahresvergleich gestiegen sind und die nationalen Durchschnittswerte übertreffen. Die Umfrage weist auf einen anhaltenden Aufwärtstrend bei den Kosten für langfristige Pflege in verschiedenen Pflegearten auf nationaler Ebene hin, wobei die meisten Erhöhungen die Inflationsraten übertreffen.
Die Hauptfaktoren, die diese Kostensteigerungen antreiben, sind Inflation und Arbeitskosten. Die Umfrageergebnisse und zusätzliche Ressourcen sind jetzt auf CareScout.com/cost-of-care verfügbar und bieten interaktive Werkzeuge zur Berechnung der Medianpreise, bundesstaatliche Vergleiche und Zugang zum Qualitätsnetzwerk von CareScout für langfristige Pflegeanbieter.
- 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 in Maine increasing above national average
- Care costs rising faster than inflation rates
“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 |
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National |
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Care Category |
2024 Annual Cost |
Change Since 20236 |
State Rank (High/Low) 7 |
2024 Annual Cost |
Change Since 2023 |
Homemaker Services |
|
|
3 |
|
|
Home Health Aide |
|
|
3 |
|
|
Adult Day Care |
|
n/a8 |
|
|
n/a8 |
Assisted Living Communities1 |
|
- |
8 |
|
|
Nursing Home
|
|
|
9 |
|
|
Nursing Home
|
|
|
14 |
|
|
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/20250301829798/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How much have long-term care costs increased in Maine for 2024?
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