Long-Term Care Costs Increase in Mississippi, Remain Lower Than National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Mississippi have increased year-over-year, though remaining below national averages. The survey, which tracks various types of long-term care services, indicates that costs continue to rise across all care categories, with increases outpacing inflation rates.
Key factors driving the cost increases include:
- Inflation impacts
- Rising labor costs
The survey data and additional resources are now available on www.CareScout.com/cost-of-care, featuring interactive tools for cost calculation, state-by-state comparisons, and access to CareScout's Quality Network of long-term care providers.
Il sondaggio sui costi dell'assistenza a lungo termine del 2024 di Genworth e CareScout rivela che i costi dell'assistenza a lungo termine nel Mississippi sono aumentati anno dopo anno, sebbene rimangano al di sotto delle medie nazionali. Il sondaggio, che monitora vari tipi di servizi di assistenza a lungo termine, indica che i costi continuano a salire in tutte le categorie di assistenza, con aumenti che superano i tassi di inflazione.
I principali fattori che guidano l'aumento dei costi includono:
- Impatto dell'inflazione
- Aumento dei costi del lavoro
I dati del sondaggio e ulteriori risorse sono ora disponibili su www.CareScout.com/cost-of-care, con strumenti interattivi per il calcolo dei costi, confronti stato per stato e accesso alla Rete di Qualità di CareScout per i fornitori 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 Mississippi han aumentado año tras año, aunque se mantienen por debajo de los promedios nacionales. La encuesta, que rastrea varios tipos de servicios de cuidado a largo plazo, indica que los costos continúan aumentando en todas las categorías de cuidado, con incrementos que superan las tasas de inflación.
Los principales factores que impulsan el aumento de costos incluyen:
- Impactos de la inflación
- Aumento de los costos laborales
Los datos de la encuesta y recursos adicionales ya están disponibles en www.CareScout.com/cost-of-care, que cuenta con herramientas interactivas para el cálculo de costos, comparaciones estado por estado y acceso a la Red de Calidad de CareScout de proveedores de cuidado a largo plazo.
Genworth와 CareScout의 2024년 장기 요양 비용 조사에 따르면 미시시피의 장기 요양 비용이 매년 증가하고 있지만, 여전히 전국 평균 이하에 머물고 있습니다. 이 조사는 다양한 유형의 장기 요양 서비스를 추적하며, 모든 요양 카테고리에서 비용이 계속 상승하고 있으며, 증가율이 인플레이션율을 초과하고 있음을 나타냅니다.
비용 상승을 유도하는 주요 요인은 다음과 같습니다:
- 인플레이션 영향
- 노동 비용 상승
조사 데이터와 추가 자료는 이제 www.CareScout.com/cost-of-care에서 이용 가능하며, 비용 계산을 위한 인터랙티브 도구, 주별 비교 및 CareScout의 장기 요양 제공자 품질 네트워크에 대한 접근이 포함되어 있습니다.
Le sondage sur le coût des soins 2024 de Genworth et CareScout révèle que les coûts des soins de longue durée dans le Mississippi ont augmenté d'une année sur l'autre, bien qu'ils restent en dessous des moyennes nationales. Le sondage, qui suit différents types de services de soins de longue durée, indique que les coûts continuent d'augmenter dans toutes les catégories de soins, avec des hausses dépassant les taux d'inflation.
Les principaux facteurs à l'origine de l'augmentation des coûts incluent :
- Impact de l'inflation
- Augmentation des coûts de main-d'œuvre
Les données du sondage et des ressources supplémentaires sont maintenant disponibles sur www.CareScout.com/cost-of-care, avec des outils interactifs pour le calcul des coûts, des comparaisons d'État à État et un accès au Réseau de Qualité de CareScout pour les fournisseurs de soins de longue durée.
Die Kostenumfrage für Langzeitpflege 2024 von Genworth und CareScout zeigt, dass die Kosten für Langzeitpflege in Mississippi Jahr für Jahr gestiegen sind, obwohl sie weiterhin unter den nationalen Durchschnittswerten liegen. Die Umfrage, die verschiedene Arten von Langzeitpflegediensten verfolgt, zeigt, dass die Kosten in allen Pflegekategorien weiter steigen, wobei die Zuwächse die Inflationsraten übertreffen.
Wichtige Faktoren, die die Kostensteigerungen antreiben, sind:
- Einflüsse der Inflation
- Steigende Arbeitskosten
Die Umfragedaten und zusätzliche Ressourcen sind jetzt auf www.CareScout.com/cost-of-care verfügbar, mit interaktiven Werkzeugen zur Kostenberechnung, staatlichen Vergleichen und Zugang zum Qualitätsnetzwerk von CareScout für Langzeitpflegeanbieter.
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“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 |
|
n/a9 |
50 |
|
|
Home Health Aide |
|
|
50 |
|
|
Adult Day Care |
|
n/a8 |
|
|
n/a8 |
Assisted Living Communities1 |
|
|
50 |
|
|
Nursing Home
|
|
|
27 |
|
|
Nursing Home
|
|
|
35 |
|
|
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.
9 Due to low responses in 2023, we are unable to provide state level changes this year.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250301761150/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How much did long-term care costs increase in Mississippi in 2024?
What are the main factors driving up long-term care costs in Mississippi for 2024?
How do Mississippi's long-term care costs compare to national averages in 2024?
Where can I find Genworth's 2024 Cost of Care Survey data?
