Long-Term Care Costs Increase in Pennsylvania, Exceeding National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Pennsylvania have increased year-over-year, surpassing national averages. The survey indicates a continued 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 accessible at www.CareScout.com/cost-of-care, featuring interactive tools, state-by-state comparisons, and comprehensive information about long-term care planning.
CareScout, a Genworth company with over 50 years of expertise in long-term care, offers additional resources including a Quality Network of care providers, aging care planning guides, and information about financing long-term care services.
Il sondaggio sui costi di assistenza 2024 di Genworth e CareScout rivela che i costi dell'assistenza a lungo termine in Pennsylvania sono aumentati anno dopo anno, superando le medie nazionali. Il sondaggio indica una continua tendenza al rialzo delle spese per assistenza a lungo termine in varie tipologie di assistenza 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 accessibili su www.CareScout.com/cost-of-care, con strumenti interattivi, confronti stato per stato e informazioni complete sulla 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 una Rete di Qualità di fornitori di assistenza, guide alla pianificazione dell'assistenza per anziani e informazioni sul finanziamento dei servizi 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 Pensilvania 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 varios tipos de atención a nivel nacional, 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 ahora están disponibles en www.CareScout.com/cost-of-care, que cuenta con herramientas interactivas, comparaciones estado por estado e información completa sobre la planificación del cuidado a largo plazo.
CareScout, una empresa de Genworth con más de 50 años de experiencia en cuidado a largo plazo, ofrece recursos adicionales que incluyen una Red de Calidad de proveedores de atención, guías de planificación de cuidado para personas mayores e información sobre el financiamiento de servicios de cuidado a largo plazo.
Genworth와 CareScout의 2024년 장기 요양 비용 조사는 펜실베이니아의 장기 요양 비용이 매년 증가하고 있으며, 전국 평균을 초과하고 있음을 보여줍니다. 이 조사는 전국적으로 다양한 요양 유형에서 장기 요양 비용이 계속해서 상승하는 추세를 나타내며, 대부분의 증가가 인플레이션율을 초과하고 있습니다.
이러한 비용 증가를 이끄는 주요 요인은 인플레이션과 인건비입니다. 조사 데이터와 리소스는 이제 www.CareScout.com/cost-of-care에서 접근할 수 있으며, 인터랙티브 도구, 주별 비교 및 장기 요양 계획에 대한 포괄적인 정보를 제공합니다.
CareScout는 50년 이상의 장기 요양 경험을 가진 Genworth의 자회사로, 품질 네트워크 제공자, 노인 요양 계획 가이드 및 장기 요양 서비스의 재정 지원에 대한 정보를 포함한 추가 리소스를 제공합니다.
Le sondage sur le coût des soins 2024 de Genworth et CareScout révèle que les coûts des soins à long terme en Pennsylvanie ont augmenté d'année en année, dépassant les moyennes nationales. Le sondage indique une tendance à la hausse continue des dépenses de soins à long terme 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 du sondage sont désormais accessibles sur www.CareScout.com/cost-of-care, avec des outils interactifs, des comparaisons par État et des informations complètes sur la planification des soins à long terme.
CareScout, une entreprise de Genworth avec plus de 50 ans d'expertise dans les soins à long terme, propose des ressources supplémentaires, notamment un réseau de qualité de prestataires de soins, des guides de planification des soins aux personnes âgées et des informations sur le financement des services de soins à long terme.
Die Kostenumfrage 2024 von Genworth und CareScout zeigt, dass die Kosten für die Langzeitpflege in Pennsylvania von Jahr zu Jahr gestiegen sind und die nationalen Durchschnittswerte übersteigen. Die Umfrage weist auf einen anhaltenden Aufwärtstrend der Langzeitpflegeausgaben in verschiedenen Pflegearten im ganzen Land hin, wobei die meisten Erhöhungen die Inflationsraten übertreffen.
Die Hauptfaktoren, die zu diesen Kostensteigerungen führen, sind Inflation und Arbeitskosten. Die Umfragedaten und Ressourcen sind jetzt unter www.CareScout.com/cost-of-care verfügbar, mit interaktiven Tools, landesweiten Vergleichen und umfassenden Informationen zur Planung der Langzeitpflege.
CareScout, ein Unternehmen von Genworth mit über 50 Jahren Erfahrung in der Langzeitpflege, bietet zusätzliche Ressourcen, darunter ein Qualitätsnetzwerk von Pflegeanbietern, Leitfäden zur Pflegeplanung für Senioren und Informationen zur Finanzierung von Langzeitpflegediensten.
- Survey data indicates market leadership and expertise in long-term care sector
- Launch of comprehensive CareScout.com platform enhancing service offerings
- Rising labor costs impacting service expenses
- Care costs outpacing 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 |
|||||
|
|
National |
|||
Care Category |
2024 Annual Cost |
Change Since 20236 |
State Rank (High/Low)7 |
2024 Annual Cost |
Change Since 2023 |
Homemaker Services |
|
n/a9 |
31 |
|
|
Home Health Aide |
|
|
31 |
|
|
Adult Day Care |
|
n/a8 |
|
|
n/a8 |
Assisted Living Communities1 |
|
|
24 |
|
|
Nursing Home
|
|
|
16 |
|
|
Nursing Home
|
|
|
17 |
|
|
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/20250301595062/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How much have long-term care costs increased in Pennsylvania for 2024?
What are the main factors driving the increase in long-term care costs according to GNW's 2024 survey?
Where can investors find Genworth's 2024 Cost of Care Survey data?
What resources does GNW's CareScout platform provide for long-term care planning?
