Long-Term Care Costs Increase in Missouri, Remain Lower Than National Costs
Genworth and CareScout have released their 2024 Cost of Care Survey revealing that long-term care costs in Missouri have increased year-over-year, though remaining below national averages. The survey indicates that costs across various care types nationally continue to outpace inflation rates, primarily driven by inflation and labor costs.
The survey data and tools are now accessible at CareScout.com/cost-of-care, featuring interactive cost calculation tools, state-by-state comparisons, and resources for long-term care planning. CareScout, a Genworth company with over 50 years of expertise in long-term care, provides additional resources including the CareScout Quality Network, aging care planning guides, and information about financing long-term care services.
Genworth e CareScout hanno pubblicato il loro Rapporto sui Costi di Assistenza 2024, rivelando che i costi per l'assistenza a lungo termine nel Missouri sono aumentati rispetto all'anno precedente, pur rimanendo al di sotto delle medie nazionali. Il sondaggio indica che i costi per vari tipi di assistenza a livello nazionale continuano a superare i tassi di inflazione, principalmente a causa dell'inflazione e dei costi del lavoro.
I dati e gli strumenti del sondaggio sono ora accessibili su CareScout.com/cost-of-care, con strumenti interattivi per il calcolo dei costi, confronti stato per stato e risorse per la pianificazione dell'assistenza a lungo termine. CareScout, una società di Genworth con oltre 50 anni di esperienza nell'assistenza a lungo termine, offre ulteriori risorse tra cui la Rete di Qualità CareScout, guide alla pianificazione dell'assistenza per gli anziani e informazioni sul finanziamento dei servizi di assistenza a lungo termine.
Genworth y CareScout han publicado su Encuesta de Costos de Atención 2024, revelando que los costos de atención a largo plazo en Missouri han aumentado año tras año, aunque se mantienen por debajo de los promedios nacionales. La encuesta indica que los costos de varios tipos de atención a nivel nacional continúan superando las tasas de inflación, impulsados principalmente por la inflación y los costos laborales.
Los datos y herramientas de la encuesta ya están disponibles en CareScout.com/cost-of-care, que cuenta con herramientas interactivas de cálculo de costos, comparaciones estado por estado y recursos para la planificación de la atención a largo plazo. CareScout, una empresa de Genworth con más de 50 años de experiencia en atención a largo plazo, proporciona recursos adicionales, incluyendo la Red de Calidad CareScout, guías de planificación de atención para personas mayores e información sobre el financiamiento de servicios de atención a largo plazo.
Genworth와 CareScout는 2024년 장기 요양 비용 조사를 발표하였으며, 이 조사에서 미주리의 장기 요양 비용이 매년 증가하고 있지만 여전히 국가 평균보다 낮다고 밝혔습니다. 조사에 따르면, 다양한 유형의 요양 비용이 전국적으로 인플레이션율을 초과하고 있으며, 이는 주로 인플레이션과 인건비에 의해 촉발되고 있습니다.
조사 데이터와 도구는 이제 CareScout.com/cost-of-care에서 이용 가능하며, 대화형 비용 계산 도구, 주별 비교 및 장기 요양 계획을 위한 리소스를 제공합니다. CareScout는 50년 이상의 장기 요양 경험을 가진 Genworth의 자회사로, CareScout 품질 네트워크, 노인 요양 계획 가이드 및 장기 요양 서비스 자금 조달에 대한 정보를 포함한 추가 리소스를 제공합니다.
Genworth et CareScout ont publié leur Sondage sur le Coût des Soins 2024, révélant que les coûts des soins de longue durée dans le Missouri ont augmenté d'une année sur l'autre, tout en restant en dessous des moyennes nationales. L'enquête indique que les coûts des différents types de soins à l'échelle nationale continuent de dépasser les taux d'inflation, principalement en raison de l'inflation et des coûts de main-d'œuvre.
Les données et outils de l'enquête sont désormais accessibles sur CareScout.com/cost-of-care, offrant des outils de calcul des coûts interactifs, des comparaisons état par état et des ressources pour la planification des soins de longue durée. CareScout, une entreprise de Genworth avec plus de 50 ans d'expertise dans les soins de longue durée, fournit des ressources supplémentaires telles que le Réseau de Qualité CareScout, des guides de planification des soins pour les personnes âgées et des informations sur le financement des services de soins de longue durée.
Genworth und CareScout haben ihre Kostenumfrage zur Pflege 2024 veröffentlicht, die zeigt, dass die Kosten für die Langzeitpflege in Missouri im Vergleich zum Vorjahr gestiegen sind, jedoch weiterhin unter dem nationalen Durchschnitt liegen. Die Umfrage zeigt, dass die Kosten für verschiedene Pflegearten auf nationaler Ebene weiterhin die Inflationsraten übersteigen, was hauptsächlich durch Inflation und Arbeitskosten bedingt ist.
Die Umfragedaten und -tools sind jetzt unter CareScout.com/cost-of-care zugänglich und bieten interaktive Kostenberechnungstools, bundesstaatliche Vergleiche und Ressourcen zur Planung der Langzeitpflege. CareScout, ein Unternehmen von Genworth mit über 50 Jahren Erfahrung in der Langzeitpflege, bietet zusätzliche Ressourcen wie das CareScout-Qualitätsnetzwerk, Leitfäden zur Pflegeplanung für Senioren und Informationen zur Finanzierung von Langzeitpflegediensten an.
- Survey data indicates Missouri's long-term care costs remain below national averages
- Long-term care costs in Missouri increased year-over-year
- Care costs continue to outpace inflation rates
- Rising labor costs impacting care expenses
“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 |
|||||
|
|
National |
|||
Care Category |
2024 Annual Cost |
Change Since 20236 |
State Rank (High/Low) 7 |
2024 Annual Cost |
Change Since 2023 |
Homemaker Services |
|
|
33 |
|
|
Home Health Aide |
|
- |
35 |
|
|
Adult Day Care |
|
n/a8 |
|
n/a8 |
|
Assisted Living Communities1 |
|
|
39 |
|
|
Nursing Home
|
|
|
50 |
|
|
Nursing Home
|
|
|
50 |
|
|
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/20250301710509/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How did Missouri's long-term care costs change in 2024 according to Genworth's survey?
What are the main factors driving the increase in long-term care costs in 2024?
Where can investors find Genworth's 2024 Cost of Care Survey data?
What resources does CareScout provide for long-term care planning?
