Long-Term Care Costs Increase in New Jersey, Exceeding National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in New Jersey have increased year-over-year, surpassing national averages. The survey highlights a continued upward trend in long-term care expenses across various care types nationally, with most increases outpacing inflation rates.
Key factors driving the cost surge include inflation and labor costs. The survey data and tools are now accessible at www.CareScout.com/cost-of-care, featuring interactive cost calculation tools, state-by-state comparisons, and resources for aging care planning.
CareScout, a Genworth company with over 50 years of expertise in long-term care, offers additional resources including the CareScout Quality Network of vetted care providers and comprehensive guides for understanding and funding long-term care services.
Il sondaggio sui costi dell'assistenza 2024 di Genworth e CareScout rivela che i costi dell'assistenza a lungo termine nel New Jersey sono aumentati anno dopo anno, superando le medie nazionali. Il sondaggio evidenzia una continua tendenza al rialzo delle spese per l'assistenza a lungo termine in vari tipi di assistenza a livello nazionale, con la maggior parte degli aumenti che supera i tassi di inflazione.
I principali fattori che guidano l'aumento dei costi includono l'inflazione e i costi del lavoro. I dati e gli strumenti del sondaggio sono ora accessibili su www.CareScout.com/cost-of-care, che offre strumenti interattivi per il calcolo dei costi, confronti stato per stato e risorse per la pianificazione dell'assistenza agli anziani.
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 di fornitori di assistenza selezionati e guide complete per comprendere e finanziare i servizi di assistenza a lungo termine.
La Encuesta de Costos de Atención 2024 de Genworth y CareScout revela que los costos de atención a largo plazo en Nueva Jersey han aumentado año tras año, superando los promedios nacionales. La encuesta destaca una tendencia continua al alza en los gastos de atención 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 el aumento de costos incluyen la inflación y los costos laborales. Los datos y herramientas de la encuesta ya están disponibles en www.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 personas mayores.
CareScout, una empresa de Genworth con más de 50 años de experiencia en atención a largo plazo, ofrece recursos adicionales, incluida la Red de Calidad CareScout de proveedores de atención verificados y guías completas para comprender y financiar los servicios de atención a largo plazo.
Genworth와 CareScout의 2024년 장기 요양 비용 조사는 뉴저지의 장기 요양 비용이 해마다 증가하고 있으며, 국가 평균을 초과하고 있음을 보여줍니다. 이 조사는 다양한 요양 유형에서 장기 요양 비용이 계속해서 상승하는 추세를 강조하며, 대부분의 증가가 인플레이션율을 초과하고 있습니다.
비용 상승을 주도하는 주요 요인은 인플레이션과 인건비입니다. 조사 데이터와 도구는 이제 www.CareScout.com/cost-of-care에서 접근 가능하며, 상호작용 가능한 비용 계산 도구, 주별 비교 및 노인 요양 계획을 위한 리소스를 제공합니다.
CareScout는 50년 이상의 장기 요양 전문성을 가진 Genworth의 자회사로, 검증된 요양 제공업체의 CareScout 품질 네트워크와 장기 요양 서비스 이해 및 자금 조달을 위한 포괄적인 가이드를 포함한 추가 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 New Jersey ont augmenté d'année en année, dépassant les moyennes nationales. L'enquête met en évidence une tendance à la hausse continue des dépenses liées aux soins de longue durée dans divers types de soins au niveau national, la plupart des augmentations dépassant les taux d'inflation.
Les principaux facteurs à l'origine de cette hausse des coûts incluent l'inflation et les coûts de main-d'œuvre. Les données et les outils de l'enquête sont désormais accessibles sur www.CareScout.com/cost-of-care, avec des outils de calcul des coûts interactifs, des comparaisons d'État à État et des ressources pour la planification des soins aux personnes âgées.
CareScout, une entreprise de Genworth avec plus de 50 ans d'expertise dans le domaine des soins de longue durée, propose des ressources supplémentaires, y compris le Réseau de Qualité CareScout de fournisseurs de soins vérifiés et des guides complets pour comprendre et financer les services de soins de longue durée.
Die Kostenumfrage 2024 von Genworth und CareScout zeigt, dass die Kosten für die Langzeitpflege in New Jersey Jahr für Jahr gestiegen sind und die nationalen Durchschnittswerte übersteigen. Die Umfrage hebt einen anhaltenden Aufwärtstrend bei den Ausgaben für Langzeitpflege in verschiedenen Pflegearten auf nationaler Ebene hervor, wobei die meisten Erhöhungen die Inflationsraten übertreffen.
Die Hauptfaktoren, die den Kostenanstieg antreiben, sind Inflation und Arbeitskosten. Die Umfragedaten und -tools sind jetzt unter www.CareScout.com/cost-of-care verfügbar und bieten interaktive Kostenberechnungstools, bundesstaatliche Vergleiche und Ressourcen für die Planung der Altenpflege.
CareScout, ein Unternehmen von Genworth mit über 50 Jahren Erfahrung in der Langzeitpflege, bietet zusätzliche Ressourcen an, darunter das CareScout-Qualitätsnetzwerk geprüfter Pflegeanbieter und umfassende Leitfäden zum Verständnis und zur Finanzierung von Langzeitpflegediensten.
- Launch of comprehensive online platform for long-term care planning and cost analysis
- Introduction of CareScout Quality Network for verified high-quality care providers
- Long-term care costs in New Jersey increasing above national average
- Care costs rising faster than inflation rates
“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 |
|
|
19 |
|
|
Home Health Aide |
|
|
20 |
|
|
Adult Day Care |
|
n/a8 |
|
|
n/a8 |
Assisted Living Communities1 |
|
|
7 |
|
|
Nursing Home
|
|
|
14 |
|
|
Nursing Home
|
|
|
12 |
|
|
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/20250301834632/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How much did long-term care costs increase in New Jersey for 2024?
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