Long-Term Care Costs Increase in Utah, On Par with National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Utah have increased year-over-year, maintaining parity with national trends. The survey highlights a continued upward trajectory in long-term care expenses across various care types, 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 for calculating median long-term care costs, state-by-state comparisons, and access to CareScout's Quality Network of care providers.
Il sondaggio sui costi di assistenza 2024 di Genworth e CareScout rivela che i costi dell'assistenza a lungo termine nello Utah sono aumentati anno dopo anno, mantenendo una parità con le tendenze nazionali. Il sondaggio evidenzia una continua traiettoria ascendente delle spese per assistenza a lungo termine attraverso vari tipi di assistenza, con la maggior parte degli aumenti che superano i tassi di inflazione.
I fattori chiave 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 mediani dell'assistenza a lungo termine, confronti stato per stato e accesso alla rete di qualità dei fornitori di assistenza di CareScout.
La Encuesta de Costos de Cuidado 2024 de Genworth y CareScout revela que los costos de atención a largo plazo en Utah han aumentado año tras año, manteniendo paridad con las tendencias nacionales. La encuesta destaca una trayectoria ascendente continua en los gastos de atención a largo plazo en varios tipos de atención, con la mayoría de los aumentos superando las tasas de inflación.
Los factores clave que impulsan el aumento de costos incluyen la inflación y los costos laborales. Los datos y recursos de la encuesta ya están disponibles en www.CareScout.com/cost-of-care, con herramientas interactivas para calcular los costos medianos de atención a largo plazo, comparaciones estado por estado y acceso a la Red de Calidad de proveedores de atención de CareScout.
Genworth와 CareScout의 2024년 장기 요양 비용 조사에 따르면 유타주의 장기 요양 비용이 해마다 증가하고 있으며, 이는 전국적인 추세와 일치하고 있습니다. 이 조사는 다양한 요양 유형에서 장기 요양 비용의 지속적인 상승세를 강조하며, 대부분의 증가가 인플레이션율을 초과하고 있습니다.
비용 급등의 주요 요인은 인플레이션과 인건비입니다. 조사 데이터와 자원은 이제 www.CareScout.com/cost-of-care에서 접근할 수 있으며, 주별 비교와 CareScout의 품질 네트워크 제공업체에 대한 접근을 포함하여 중간 장기 요양 비용을 계산하는 인터랙티브 도구를 제공합니다.
L'enquête sur le coût des soins 2024 de Genworth et CareScout révèle que les coûts des soins de longue durée dans l'Utah ont augmenté d'année en année, maintenant une parité avec les tendances nationales. L'enquête met en évidence une trajectoire ascendante continue des dépenses de soins de longue durée dans différents types de soins, 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 soins de longue durée, des comparaisons d'État à État et un accès au réseau de qualité des prestataires de soins de CareScout.
Die Kostenumfrage 2024 von Genworth und CareScout zeigt, dass die Kosten für die Langzeitpflege in Utah Jahr für Jahr gestiegen sind und mit den nationalen Trends übereinstimmen. Die Umfrage hebt einen kontinuierlichen Aufwärtstrend bei den Ausgaben für Langzeitpflege in verschiedenen Pflegearten hervor, wobei die meisten Erhöhungen die Inflationsraten übersteigen.
Wichtige Faktoren, 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 medianen Langzeitpflegekosten, staatliche Vergleiche und Zugang zum CareScout-Qualitätsnetzwerk von Pflegeanbietern.
- Launch of comprehensive online platform for long-term care resources
- Establishment of CareScout Quality Network for high-standard care providers
- Long-term care costs increasing faster than inflation
- Rising labor costs impacting service expenses
“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 |
|
|
16 |
|
|
Home Health Aide |
|
|
18 |
|
|
Adult Day Care |
|
n/a8 |
|
n/a8 |
|
Assisted Living Communities1 |
|
|
47 |
|
|
Nursing Home
|
|
|
41 |
|
|
Nursing Home
|
|
|
27 |
|
|
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/20250301883722/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
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