Long-Term Care Costs Increase in Montana, Exceeding National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Montana have increased year-over-year, surpassing national averages. The survey indicates a continuing 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 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 and information about financing long-term care services.
Il sondaggio sui costi delle cure 2024 di Genworth e CareScout rivela che i costi delle cure a lungo termine in Montana sono aumentati anno dopo anno, superando le medie nazionali. Il sondaggio indica una continua tendenza al rialzo delle spese per le cure a lungo termine in tutto il paese, con la maggior parte degli aumenti che superano 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 medi, confronti tra stati e accesso alla Rete di Qualità CareScout di fornitori di cure a lungo termine verificati.
La piattaforma offre anche risorse complete tra cui guide alla pianificazione della cura per l'invecchiamento e informazioni sul finanziamento dei servizi di cura a lungo termine.
La Encuesta de Costos de Cuidado 2024 de Genworth y CareScout revela que los costos de cuidado a largo plazo en Montana han aumentado año tras año, superando los promedios nacionales. La encuesta indica una tendencia al alza continua en los gastos de cuidado a largo plazo en todo el país, 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 estado por estado y acceso a la Red de Calidad CareScout de proveedores de cuidado a largo plazo verificados.
La plataforma también ofrece recursos integrales que incluyen guías de planificación de cuidado para el envejecimiento e información sobre cómo financiar los servicios de cuidado a largo plazo.
Genworth와 CareScout의 2024년 요양 비용 조사에 따르면, 몬태나의 장기 요양 비용이 해마다 증가하고 있으며, 이는 전국 평균을 초과하고 있습니다. 이 조사는 전국적으로 다양한 요양 유형에서 장기 요양 비용이 계속해서 상승하고 있으며, 대부분의 증가가 인플레이션률을 초과하고 있음을 나타냅니다.
이 비용 증가를 주도하는 주요 요인은 인플레이션과 인건비입니다. 조사 데이터와 자료는 이제 CareScout.com/cost-of-care에서 확인할 수 있으며, 여기에는 중간 비용을 계산하고 주별 비교를 할 수 있는 대화형 도구와 검증된 장기 요양 제공자의 CareScout 품질 네트워크에 접근할 수 있는 기능이 포함되어 있습니다.
이 플랫폼은 또한 노인 돌봄 계획 가이드 및 장기 요양 서비스 자금 조달에 대한 정보를 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 Montana ont augmenté d'une année sur l'autre, dépassant les moyennes nationales. Le sondage indique une tendance à la hausse continue des dépenses de soins de longue durée à travers différents types de soins dans tout le pays, la plupart des augmentations surpassant les taux d'inflation.
Les principaux facteurs qui entraînent ces augmentations de coûts sont l'inflation et les coûts de la 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 comparaisons d'État à État et un accès au réseau de qualité CareScout de fournisseurs de soins de longue durée vérifiés.
La plateforme propose également des ressources complètes, y compris des guides de planification des soins pour le vieillissement et des informations sur le financement des services de soins de longue durée.
Die 2024 Kosten für Pflege Umfrage von Genworth und CareScout zeigt, dass die Kosten für langfristige Pflege in Montana Jahr für Jahr gestiegen sind und die nationalen Durchschnittswerte übertreffen. Die Umfrage weist auf einen anhaltenden Aufwärtstrend bei den langfristigen Pflegekosten in verschiedenen Pflegearten im ganzen Land hin, 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 Werkzeugen zur Berechnung der Medianpreise, staatlichen Vergleichen und Zugang zum CareScout Qualitätsnetzwerk von geprüften Anbietern langfristiger Pflege.
Die Plattform bietet auch umfassende Ressourcen, einschließlich Leitfäden zur Pflegeplanung im Alter und Informationen zur Finanzierung von Dienstleistungen für langfristige Pflege.
- Launch of comprehensive interactive cost planning tools on CareScout.com
- Introduction of CareScout Quality Network for verified long-term care providers
- Montana long-term care costs exceed national averages
- Continued cost increases outpacing 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 |
|||||
|
|
National |
|||
Care Category |
2024 Annual Cost |
Change Since 20236 |
State Rank (High/Low) 7 |
2024 Annual Cost |
Change Since 2023 |
Homemaker Services |
|
n/a9 |
8 |
|
|
Home Health Aide |
|
|
11 |
|
|
Adult Day Care |
|
n/a8 |
|
n/a8 |
|
Assisted Living Communities1 |
|
|
22 |
|
|
Nursing Home
|
|
|
29 |
|
|
Nursing Home
|
|
|
42 |
|
|
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/20250301581903/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How much did long-term care costs increase in Montana for 2024?
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