Long-Term Care Costs Increase in Massachusetts, Exceeding National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care services costs in Massachusetts 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 data and resources are now available on CareScout.com/cost-of-care, featuring interactive tools to calculate median costs, state-by-state comparisons, and access to the CareScout Quality Network of vetted long-term care providers.
The platform also offers comprehensive resources including aging care planning guides, payment information for 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 dei servizi di assistenza a lungo termine in Massachusetts sono aumentati di anno in anno, superando le medie nazionali. Il sondaggio indica una continua tendenza al rialzo nei costi dell'assistenza a lungo termine in varie tipologie 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 dati e le risorse del sondaggio sono ora disponibili su CareScout.com/cost-of-care, con strumenti interattivi per calcolare i costi mediani, confronti tra stati e accesso alla Rete di Qualità CareScout di fornitori di assistenza a lungo termine selezionati.
La piattaforma offre anche risorse complete tra cui guide alla pianificazione dell'assistenza per anziani, informazioni sui pagamenti per i servizi di assistenza a lungo termine e approfondimenti su approcci di assistenza centrati sulla persona.
La Encuesta sobre Costos de Cuidado 2024 de Genworth y CareScout revela que los costos de los servicios de cuidado a largo plazo en Massachusetts han aumentado año tras año, superando los promedios nacionales. La encuesta indica una tendencia continua al alza en los costos de cuidado 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 costos medianos, comparaciones entre estados y acceso a la Red de Calidad CareScout de proveedores de cuidado a largo plazo verificados.
La plataforma también ofrece recursos completos que incluyen guías de planificación de cuidado para personas mayores, información sobre pagos para servicios de cuidado a largo plazo y perspectivas sobre enfoques de cuidado centrados en la persona.
Genworth와 CareScout의 2024년 장기 요양 비용 조사는 매사추세츠의 장기 요양 서비스 비용이 해마다 증가하고 있으며, 전국 평균을 초과하고 있음을 보여줍니다. 이 조사는 다양한 유형의 장기 요양 비용이 전국적으로 계속 상승하고 있으며, 대부분의 증가가 인플레이션율을 초과하고 있음을 나타냅니다.
이러한 비용 증가의 주요 요인은 인플레이션과 인건비입니다. 조사 데이터와 리소스는 이제 CareScout.com/cost-of-care에서 이용 가능하며, 중간 비용 계산을 위한 인터랙티브 도구, 주별 비교 및 검증된 장기 요양 제공자의 CareScout 품질 네트워크에 접근할 수 있습니다.
이 플랫폼은 또한 노인 돌봄 계획 가이드, 장기 요양 서비스에 대한 지불 정보 및 개인 중심의 돌봄 접근 방식에 대한 통찰력을 포함한 포괄적인 리소스를 제공합니다.
Le sondage sur les coûts des soins 2024 de Genworth et CareScout révèle que les coûts des services de soins de longue durée dans Massachusetts 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 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 maintenant disponibles sur CareScout.com/cost-of-care, avec des outils interactifs pour calculer les coûts médians, des comparaisons par État et un accès au Réseau de Qualité CareScout de prestataires de soins de longue durée vérifiés.
La plateforme propose également des ressources complètes, notamment des guides de planification des soins aux personnes âgées, des informations sur les paiements pour les services de soins de longue durée et des perspectives sur les approches de soins centrées sur la personne.
Die Kostenstudie 2024 von Genworth und CareScout zeigt, dass die Kosten für langfristige Pflegeleistungen in Massachusetts 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 Kostenerhöhungen antreiben, sind Inflation und Arbeitskosten. Die Umfragedaten und Ressourcen sind jetzt auf CareScout.com/cost-of-care verfügbar und bieten interaktive Werkzeuge zur Berechnung der Medianpreise, bundesstaatliche Vergleiche und Zugang zum CareScout-Qualitätsnetzwerk von geprüften Anbietern langfristiger Pflege.
Die Plattform bietet auch umfassende Ressourcen, darunter Leitfäden zur Planung der Altenpflege, Zahlungsinformationen für langfristige Pflegeleistungen und Einblicke in personenzentrierte Pflegeansätze.
- Launch of comprehensive interactive cost calculation tools on CareScout.com
- Introduction of CareScout Quality Network for verified long-term care providers
- Massachusetts long-term care costs exceed national averages
- Care costs increasing faster than inflation rates
- Rising labor costs affecting 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 |
|
|
13 |
|
|
Home Health Aide |
|
|
15 |
|
|
Adult Day Care |
|
n/a8 |
|
n/a8 |
|
Assisted Living Communities1 |
|
|
4 |
|
|
Nursing Home
|
|
|
6 |
|
|
Nursing Home
|
|
|
7 |
|
|
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/20250301706133/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
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