Long-Term Care Costs Increase in South Dakota, Exceeding National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in South Dakota have increased year-over-year, surpassing national averages. The survey highlights a continued upward trend in long-term care expenses across various care types nationwide, with most increases outpacing inflation rates.
Key factors driving the cost surge include inflation and labor costs. The survey data and resources are now accessible at www.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 care providers.
The platform also offers comprehensive resources for aging care planning, payment options for long-term care services, and guidance on person-centered care approaches.
Il Rapporto sui Costi di Assistenza 2024 di Genworth e CareScout rivela che i costi per l'assistenza a lungo termine nel South Dakota sono aumentati di anno in anno, superando le medie nazionali. L'indagine 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 le risorse del sondaggio sono ora accessibili su www.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 selezionati.
La piattaforma offre anche risorse complete per la pianificazione dell'assistenza agli anziani, opzioni di pagamento per i servizi di assistenza a lungo termine e indicazioni su approcci di assistenza centrati sulla persona.
La Encuesta sobre Costos de Cuidado 2024 de Genworth y CareScout revela que los costos de cuidado a largo plazo en Dakota del Sur han aumentado año tras año, superando los promedios nacionales. La encuesta destaca una tendencia continua al alza en los gastos de cuidado a largo plazo en varios tipos de asistencia 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 recursos de la encuesta ahora están disponibles en www.CareScout.com/cost-of-care, que cuenta con herramientas interactivas para calcular costos medianos, comparaciones entre estados y acceso a la Red de Calidad CareScout de proveedores de cuidado verificados.
La plataforma también ofrece recursos completos para la planificación del cuidado de ancianos, opciones de pago para servicios de cuidado a largo plazo y orientación sobre enfoques de cuidado centrados en la persona.
Genworth와 CareScout의 2024년 장기 요양 비용 조사에 따르면, 사우스다코타의 장기 요양 비용이 매년 증가하여 전국 평균을 초과하고 있습니다. 이 조사는 다양한 요양 유형에 걸쳐 장기 요양 비용이 지속적으로 증가하고 있으며, 대부분의 증가가 인플레이션율을 초과하고 있음을 강조합니다.
비용 급등의 주요 요인은 인플레이션과 인건비입니다. 조사 데이터와 자료는 이제 www.CareScout.com/cost-of-care에서 접근 가능하며, 중간 비용 계산, 주별 비교 및 검증된 요양 제공자의 CareScout 품질 네트워크에 접근할 수 있는 대화형 도구가 포함되어 있습니다.
이 플랫폼은 또한 노인 요양 계획을 위한 포괄적인 자료, 장기 요양 서비스에 대한 지불 옵션 및 개인 중심의 요양 접근 방식에 대한 지침을 제공합니다.
Le Rapport sur les Coûts des Soins 2024 de Genworth et CareScout révèle que les coûts des soins de longue durée dans le Dakota du Sud ont augmenté d'une année sur l'autre, dépassant les moyennes nationales. L'enquête souligne une tendance à la hausse continue des dépenses de 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 cette hausse des coûts incluent l'inflation et les coûts de main-d'œuvre. Les données et ressources de l'enquête sont désormais accessibles sur www.CareScout.com/cost-of-care, avec des outils interactifs pour calculer les coûts médians, des comparaisons entre les États et l'accès au Réseau de Qualité CareScout de fournisseurs de soins vérifiés.
La plateforme propose également des ressources complètes pour la planification des soins aux personnes âgées, des options de paiement pour les services de soins de longue durée et des conseils sur les approches de soins centrées sur la personne.
Die Kostenumfrage 2024 von Genworth und CareScout zeigt, dass die Kosten für die Langzeitpflege in South Dakota im Jahresvergleich gestiegen sind und die nationalen Durchschnittswerte übertreffen. Die Umfrage hebt einen anhaltenden Aufwärtstrend bei den Langzeitpflegeausgaben in verschiedenen Pflegearten im ganzen Land hervor, wobei die meisten Erhöhungen die Inflationsraten übersteigen.
Die Hauptfaktoren, die den Kostenanstieg antreiben, sind Inflation und Arbeitskosten. Die Umfragedaten und Ressourcen sind jetzt unter www.CareScout.com/cost-of-care verfügbar und bieten interaktive Werkzeuge zur Berechnung der Medianpreise, staatliche Vergleiche und Zugang zum CareScout Qualitätsnetzwerk geprüfter Pflegeanbieter.
Die Plattform bietet auch umfassende Ressourcen zur Planung der Altenpflege, Zahlungsoptionen für Langzeitpflegedienste und Leitlinien für personenzentrierte Pflegeansätze.
- Launch of comprehensive online platform for long-term care planning and cost comparison
- Establishment of CareScout Quality Network for verified high-quality care providers
- Long-term care costs in South Dakota exceed national averages
- Care costs increasing faster than inflation rates
- Rising labor costs impacting 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 |
1 |
|
|
Home Health Aide |
|
|
1 |
|
|
Adult Day Care |
|
n/a8 |
|
|
n/a8 |
Assisted Living Communities1 |
|
- |
51 |
|
|
Nursing Home
|
|
|
36 |
|
|
Nursing Home
|
|
|
43 |
|
|
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/20250301476102/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How much did long-term care costs increase in South Dakota in 2024?
What are the main factors driving up long-term care costs in South Dakota for 2024?
Where can I find Genworth's 2024 Cost of Care Survey data?
What resources does CareScout.com provide for long-term care planning?
