Long-Term Care Costs Increase in Maryland, Exceeding National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Maryland have increased year-over-year, surpassing national averages. The survey 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 to calculate median long-term care costs by area, state-level data comparisons, and access to CareScout's Quality Network of care providers.
The platform also offers comprehensive resources including aging care planning guides, information on funding long-term care services, and insights on person-centered care approaches.
Il sondaggio sui costi dell'assistenza 2024 di Genworth e CareScout rivela che i costi dell'assistenza a lungo termine nel Maryland sono aumentati di anno in anno, superando le medie nazionali. Il sondaggio indica una continua tendenza al rialzo delle spese per 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 per area, confronti dei dati a livello statale e accesso alla Rete di Qualità dei fornitori di assistenza di CareScout.
La piattaforma offre anche risorse complete, tra cui guide alla pianificazione dell'assistenza per gli anziani, informazioni sul finanziamento dei servizi di assistenza a lungo termine e approfondimenti sugli approcci centrati sulla persona.
La encuesta de costos de atención 2024 de Genworth y CareScout revela que los costos de atención a largo plazo en Maryland han aumentado año tras año, superando los promedios nacionales. La encuesta indica una tendencia continua al alza 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, con herramientas interactivas para calcular los costos medianos de atención a largo plazo por área, comparaciones de datos a nivel estatal y acceso a la Red de Calidad de proveedores de atención de CareScout.
La plataforma también ofrece recursos completos, incluidas guías de planificación de atención para personas mayores, información sobre la financiación de servicios de atención a largo plazo y perspectivas sobre enfoques centrados en la persona.
Genworth와 CareScout의 2024년 장기 요양 비용 조사에 따르면, 메릴랜드의 장기 요양 비용이 해마다 증가하고 있으며, 이는 전국 평균을 초과하고 있습니다. 이 조사는 다양한 요양 유형에서 장기 요양 비용의 지속적인 상승 추세를 나타내며, 대부분의 증가가 인플레이션 비율을 초과하고 있습니다.
이러한 비용 증가를 이끄는 주요 요인은 인플레이션과 인건비입니다. 조사 데이터와 자료는 이제 CareScout.com/cost-of-care에서 이용 가능하며, 지역별 중위 장기 요양 비용을 계산할 수 있는 인터랙티브 도구, 주별 데이터 비교 및 CareScout의 품질 네트워크에 대한 접근을 제공합니다.
이 플랫폼은 또한 노인 돌봄 계획 가이드, 장기 요양 서비스 자금 조달 정보 및 개인 중심의 돌봄 접근 방식에 대한 통찰력을 포함한 포괄적인 리소스를 제공합니다.
Le sondage sur le coût des soins 2024 de Genworth et CareScout révèle que les coûts des soins de longue durée dans le Maryland ont augmenté d'année en année, dépassant les moyennes nationales. Le sondage 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 du sondage sont désormais disponibles sur CareScout.com/cost-of-care, avec des outils interactifs pour calculer les coûts médians des soins de longue durée par région, des comparaisons de données au niveau des États et l'accès au Réseau de Qualité des prestataires de soins de CareScout.
La plateforme propose également des ressources complètes, y compris des guides de planification des soins pour les personnes âgées, des informations sur le financement des services de soins de longue durée et des perspectives sur les approches centrées sur la personne.
Die Kostenumfrage 2024 von Genworth und CareScout zeigt, dass die Kosten für die Langzeitpflege in Maryland von Jahr zu Jahr gestiegen sind und die nationalen Durchschnitte übertreffen. Die Umfrage zeigt einen kontinuierlichen Anstieg der Ausgaben für Langzeitpflege in verschiedenen Pflegearten im ganzen Land, wobei die meisten Erhöhungen die Inflationsraten übertreffen.
Die Hauptfaktoren, die diese Kostensteigerungen antreiben, sind Inflation und Arbeitskosten. Die Umfragedaten und Ressourcen sind jetzt auf CareScout.com/cost-of-care verfügbar, mit interaktiven Tools zur Berechnung der mittleren Langzeitpflegekosten nach Region, staatlichen Datenvergleichen und Zugang zum Qualitätsnetzwerk von CareScout für Pflegeanbieter.
Die Plattform bietet auch umfassende Ressourcen, darunter Leitfäden zur Pflegeplanung für ältere Menschen, Informationen zur Finanzierung von Langzeitpflegediensten und Einblicke in personenzentrierte Pflegeansätze.
- New interactive cost planning tools launched on CareScout.com
- Established Quality Network of vetted long-term care providers
- Maryland long-term care costs exceed national averages
- Care costs increasing faster than inflation rates
- Rising labor costs impacting service pricing
“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 |
|
|
24 |
|
|
Home Health Aide |
|
|
26 |
|
|
Adult Day Care |
|
n/a8 |
|
|
n/a8 |
Assisted Living Communities1 |
|
|
13 |
|
|
Nursing Home
|
|
|
11 |
|
|
Nursing Home
|
|
|
11 |
|
|
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/20250301049622/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How much have long-term care costs increased in Maryland in 2024?
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What resources does CareScout.com provide for long-term care planning?
