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Long-Term Care Costs Increase in New Hampshire, Exceeding National Costs

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Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care services costs in New Hampshire have increased year-over-year, surpassing national averages. The survey indicates a continued upward trend in long-term care costs 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 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 Rapporto sui Costi delle Cure 2024 di Genworth e CareScout rivela che i costi dei servizi di assistenza a lungo termine nel New Hampshire sono aumentati rispetto all'anno precedente, superando le medie nazionali. L'indagine indica una continua tendenza al rialzo nei costi dell'assistenza a lungo termine in vari tipi di cura 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 medi, confronti tra stati e accesso alla Rete di Qualità CareScout di fornitori di assistenza a lungo termine.

La piattaforma offre anche risorse complete, tra cui guide alla pianificazione della cura per la terza età, informazioni sui pagamenti per i servizi di assistenza a lungo termine e approfondimenti sugli approcci alla cura 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 New Hampshire 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, siendo la mayoría de los aumentos superiores a 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, comparaciones entre estados y acceso a la Red de Calidad CareScout de proveedores de cuidado a largo plazo.

La plataforma también ofrece recursos completos, incluyendo guías de planificación del cuidado para personas mayores, información sobre pagos por servicios de cuidado a largo plazo y perspectivas sobre enfoques de cuidado centrados en la persona.

Genworth와 CareScout의 2024년 장기 요양 비용 조사에 따르면, 뉴햄프셔의 장기 요양 서비스 비용이 매년 증가하여 전국 평균을 초과하고 있습니다. 이 조사는 다양한 요양 유형에서 장기 요양 비용이 계속해서 상승하는 추세를 나타내며, 대부분의 증가가 인플레이션율을 초과하고 있습니다.

이러한 비용 증가를 주도하는 주요 요인은 인플레이션과 인건비입니다. 조사 데이터와 자원은 이제 CareScout.com/cost-of-care에서 이용 가능하며, 중간 비용 계산, 주별 비교 및 장기 요양 제공업체의 CareScout 품질 네트워크에 접근할 수 있는 인터랙티브 도구를 제공합니다.

또한 이 플랫폼은 노인 돌봄 계획 가이드, 장기 요양 서비스에 대한 지불 정보, 개인 중심의 돌봄 접근 방식에 대한 통찰력 등 포괄적인 자원을 제공합니다.

L'enquête sur le Coût des Soins 2024 de Genworth et CareScout révèle que les coûts des services de soins de longue durée dans le New Hampshire 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 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 des prestataires de soins de longue durée.

La plateforme propose également des ressources complètes, y compris des guides de planification des soins aux personnes âgées, des informations sur les paiements pour les services de soins de longue durée et des éclairages sur les approches de soins centrées sur la personne.

Die Kostenumfrage 2024 von Genworth und CareScout zeigt, dass die Kosten für langfristige Pflegeleistungen in New Hampshire im Jahresvergleich gestiegen sind und die nationalen Durchschnittswerte übersteigen. Die Umfrage weist auf einen anhaltenden Aufwärtstrend der Kosten für langfristige Pflege in verschiedenen Pflegearten im ganzen Land hin, wobei die meisten Anstiege 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 und bieten interaktive Werkzeuge zur Berechnung der Medianpreise, länderübergreifende Vergleiche und Zugang zum CareScout-Qualitätsnetzwerk von Anbietern langfristiger Pflege.

Die Plattform bietet auch umfassende Ressourcen, darunter Leitfäden zur Planung der Altenpflege, Zahlungsinformationen für langfristige Pflegeleistungen und Einblicke in personenzentrierte Pflegeansätze.

Positive
  • Launch of comprehensive interactive cost comparison tools on CareScout.com
  • Introduction of CareScout Quality Network for verified high-quality care providers
Negative
  • Long-term care costs in New Hampshire increasing above national average
  • Care costs rising faster than inflation rates

RICHMOND, Va.--(BUSINESS WIRE)-- The cost of long-term care services in New Hampshire increased year-over-year, exceeding national costs, according to the 2024 Cost of Care Survey conducted by Genworth and CareScout.

“Genworth and CareScout are committed to helping our customers in New Hampshire create person-centered plans for how they want to receive care as they age,” said Jamala Arland, President & CEO, Genworth U.S. Life Insurance. “That means integrating a person’s values, preferences, and goals into the care they receive. The Cost of Care Survey is a great resource for individuals starting to create a plan, who want to learn more about different care types and see how costs may grow over time.”

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 New Hampshire compares with national trends and the previous year:

Annual Median Cost of Long-Term Care for New Hampshire

 

New Hampshire

National

Care Category

2024 Annual Cost

Change Since 20236

State Rank (High/Low) 7

2024 Annual Cost

Change Since 2023

Homemaker Services

$86,9442

17%

12

$75,504

10%

Home Health Aide

$89,232 2

-3%

12

$77,792

3%

Adult Day Care

$24,4403

n/a8

 

$26,000

n/a8

Assisted Living Communities1

$89,1754

6%

10

$70,800

10%

Nursing Home
Semi-Private Room

$149,6505

4%

13

$111,325

7%

Nursing Home
Private Room

$157,680 5

2%

16

$127,750

9%

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:

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 Richmond, Virginia, Genworth and its CareScout businesses provide guidance, products, and services that help people understand their caregiving options and fund their long-term care needs. Genworth is also the parent company and majority-owner of publicly traded Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider.

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 California
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.

Media Contact:

Ryan Clark

ryan.clark@genworth.com

Source: Genworth Financial, Inc.

FAQ

How much did long-term care costs increase in New Hampshire in 2024?

The specific percentage increase is not provided in the press release, but costs increased year-over-year and exceeded national averages.

What are the main factors driving up long-term care costs in New Hampshire?

The primary factors contributing to increased costs are inflation and labor costs.

Where can I find Genworth's 2024 Cost of Care Survey data?

The Cost of Care Survey data is available at CareScout.com/cost-of-care, featuring interactive tools and state-by-state comparisons.

What resources does CareScout provide for long-term care planning?

CareScout offers an interactive cost calculator, quality provider network, aging care planning guides, and information about paying for long-term care services.
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