Long-Term Care Costs Increase in Texas, Remain Lower Than National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Texas have increased year-over-year, though remaining below national averages. The survey, which tracks various types of long-term care services, indicates that costs continue to rise across care types nationally, with increases outpacing inflation rates.
The primary factors driving these cost increases are inflation and labor costs. The survey data and resources are now hosted on CareScout.com/cost-of-care, featuring interactive tools to calculate median care costs by region, state-level data comparisons, and access to CareScout's Quality Network of vetted 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 di assistenza del 2024 di Genworth e CareScout rivela che i costi dell'assistenza a lungo termine in Texas sono aumentati anno dopo anno, sebbene rimangano al di sotto delle medie nazionali. Il sondaggio, che traccia vari tipi di servizi di assistenza a lungo termine, indica che i costi continuano a salire in tutti i tipi di assistenza a livello nazionale, con aumenti che superano 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 ospitati su CareScout.com/cost-of-care, che offre strumenti interattivi per calcolare i costi mediani di assistenza per regione, confronti di dati a livello statale e accesso alla Rete di Qualità di CareScout di fornitori di assistenza verificati.
La piattaforma offre anche risorse complete, tra cui guide alla pianificazione dell'assistenza per gli 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 Texas han aumentado año tras año, aunque se mantienen por debajo de los promedios nacionales. La encuesta, que rastrea varios tipos de servicios de cuidado a largo plazo, indica que los costos continúan aumentando en todos los tipos de cuidado a nivel nacional, con incrementos que superan 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 alojados en CareScout.com/cost-of-care, que cuenta con herramientas interactivas para calcular los costos medianos de cuidado por región, comparaciones de datos a nivel estatal y acceso a la Red de Calidad de CareScout de proveedores de cuidado verificados.
La plataforma también ofrece recursos completos, incluyendo guías de planificación de cuidado para ancianos e información sobre el financiamiento de servicios de cuidado a largo plazo.
Genworth와 CareScout의 2024년 장기 요양 비용 조사에 따르면, 텍사스의 장기 요양 비용이 매년 증가하고 있지만, 여전히 전국 평균보다 낮은 수준을 유지하고 있습니다. 다양한 유형의 장기 요양 서비스를 추적하는 이 조사는 전국적으로 모든 요양 유형에서 비용이 계속 상승하고 있으며, 인플레이션율을 초과하는 증가세를 보이고 있습니다.
이러한 비용 증가를 주도하는 주요 요인은 인플레이션과 인건비입니다. 조사 데이터와 리소스는 현재 CareScout.com/cost-of-care에 호스팅되어 있으며, 지역별 중간 요양 비용을 계산할 수 있는 인터랙티브 도구, 주별 데이터 비교 및 검증된 요양 제공업체의 CareScout 품질 네트워크에 대한 접근을 제공합니다.
이 플랫폼은 또한 노인 요양 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 au Texas ont augmenté d'une année sur l'autre, bien qu'ils restent inférieurs aux moyennes nationales. L'enquête, qui suit divers types de services de soins de longue durée, indique que les coûts continuent d'augmenter dans tous les types de soins à l'échelle nationale, avec 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 maintenant hébergées sur CareScout.com/cost-of-care, proposant des outils interactifs pour calculer les coûts médian de soins par région, des comparaisons de données au niveau des États et un accès au Réseau de Qualité de CareScout de fournisseurs de soins vérifiés.
La plateforme propose également des ressources complètes, y compris des guides de planification des soins pour les personnes âgées et des informations sur le financement des services de soins de longue durée.
Die Kostenumfrage 2024 von Genworth und CareScout zeigt, dass die Kosten für die Langzeitpflege in Texas im Jahresvergleich gestiegen sind, jedoch unter dem nationalen Durchschnitt bleiben. Die Umfrage, die verschiedene Arten von Langzeitpflegediensten verfolgt, zeigt, dass die Kosten landesweit in allen Pflegearten weiter steigen, wobei die Anstiege die Inflationsraten übertreffen.
Die Hauptfaktoren, die diese Kostensteigerungen antreiben, sind Inflation und Lohnkosten. Die Umfragedaten und -ressourcen sind jetzt auf CareScout.com/cost-of-care verfügbar und bieten interaktive Werkzeuge zur Berechnung der mittleren Pflegekosten nach Region, Vergleiche von Daten auf Landesebene und Zugang zum Qualitätsnetzwerk von CareScout mit geprüften Pflegeanbietern.
Die Plattform bietet auch umfassende Ressourcen, darunter Leitfäden zur Pflegeplanung für ältere Menschen und Informationen zur Finanzierung von Langzeitpflegediensten.
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“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 |
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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 |
|
|
44 |
|
|
Home Health Aide |
|
|
44 |
|
|
Adult Day Care |
|
n/a8 |
|
|
n/a8 |
Assisted Living Communities1 |
|
|
36 |
|
|
Nursing Home
|
|
|
51 |
|
|
Nursing Home
|
|
|
51 |
|
|
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/20250301493455/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How much did long-term care costs increase in Texas for 2024?
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How do Texas long-term care costs compare to national averages in 2024?
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