Long-Term Care Costs Increase in Washington, Exceeding National Costs
Genworth and CareScout's 2024 Cost of Care Survey reveals that long-term care costs in Washington state 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. To help families navigate these rising expenses, CareScout has launched a comprehensive resource platform at www.CareScout.com/cost-of-care, featuring interactive tools for calculating median care costs, state-by-state comparisons, and access to their Quality Network of long-term care providers.
Il sondaggio sui costi di assistenza 2024 di Genworth e CareScout rivela che i costi dell'assistenza a lungo termine nello stato di Washington sono aumentati anno dopo anno, superando le medie nazionali. Il sondaggio indica 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 questi aumenti dei costi sono l'inflazione e i costi del lavoro. Per aiutare le famiglie a gestire queste spese crescenti, CareScout ha lanciato una piattaforma di risorse completa su www.CareScout.com/cost-of-care, che offre strumenti interattivi per calcolare i costi medi dell'assistenza, confronti tra stati e accesso alla loro Rete di Qualità dei fornitori 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 el estado de Washington han aumentado año tras año, superando los promedios nacionales. La encuesta indica una tendencia al alza continua 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 estos aumentos de costos son la inflación y los costos laborales. Para ayudar a las familias a navegar por estos gastos crecientes, CareScout ha lanzado una plataforma de recursos integral en www.CareScout.com/cost-of-care, que cuenta con herramientas interactivas para calcular los costos medianos de atención, comparaciones estado por estado y acceso a su Red de Calidad de proveedores de atención a largo plazo.
Genworth와 CareScout의 2024년 장기 요양 비용 조사에 따르면, 워싱턴주에서의 장기 요양 비용이 매년 증가하고 있으며, 이는 전국 평균을 초과하고 있습니다. 이 조사는 다양한 유형의 요양에 걸쳐 전국적으로 장기 요양 비용이 계속 상승하고 있으며, 대부분의 증가가 인플레이션율을 초과하고 있음을 나타냅니다.
이러한 비용 증가를 이끄는 주요 요인은 인플레이션과 노동 비용입니다. CareScout는 이러한 증가하는 비용을 관리하는 데 도움이 되는 포괄적인 리소스 플랫폼을 www.CareScout.com/cost-of-care에 출시하였으며, 여기에는 중간 요양 비용 계산을 위한 대화형 도구, 주별 비교 및 장기 요양 제공자의 품질 네트워크에 대한 접근이 포함되어 있습니다.
Le sondage sur le coût des soins 2024 de Genworth et CareScout révèle que les coûts des soins de longue durée dans l'État de Washington ont augmenté d'une année sur l'autre, dépassant les moyennes nationales. Le sondage indique 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 ces augmentations de coûts sont l'inflation et les coûts de main-d'œuvre. Pour aider les familles à faire face à ces dépenses croissantes, CareScout a lancé une plateforme de ressources complète sur www.CareScout.com/cost-of-care, proposant des outils interactifs pour calculer les coûts médians des soins, des comparaisons État par État et un accès à leur Réseau de Qualité de fournisseurs de soins de longue durée.
Die Kostenumfrage 2024 von Genworth und CareScout zeigt, dass die Kosten für die Langzeitpflege im Bundesstaat Washington Jahr für Jahr gestiegen sind und die nationalen Durchschnittswerte übersteigen. Die Umfrage weist auf einen anhaltenden Aufwärtstrend bei den Langzeitpflegeausgaben in verschiedenen Pflegearten im ganzen Land hin, wobei die meisten Erhöhungen die Inflationsraten übertreffen.
Die Hauptfaktoren, die diese Kostensteigerungen antreiben, sind Inflation und Arbeitskosten. Um Familien bei der Bewältigung dieser steigenden Ausgaben zu unterstützen, hat CareScout eine umfassende Ressourcenplattform unter www.CareScout.com/cost-of-care gestartet, die interaktive Werkzeuge zur Berechnung der durchschnittlichen Pflegekosten, bundesstaatliche Vergleiche und Zugang zu ihrem Qualitätsnetzwerk von Langzeitpflegeanbietern bietet.
- Launch of comprehensive online resource platform for long-term care planning
- Establishment of CareScout Quality Network for high-standard care providers
- Long-term care costs in Washington exceed national averages
- Care costs increasing faster than inflation rates
- Rising labor costs affecting 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 |
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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 |
|
- |
4 |
|
|
Home Health Aide |
|
|
6 |
|
|
Adult Day Care |
|
n/a8 |
|
n/a8 |
|
Assisted Living Communities1 |
|
|
15 |
|
|
Nursing Home
|
|
|
10 |
|
|
Nursing Home
|
|
|
15 |
|
|
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/20250301275663/en/
Media Contact:
Ryan Clark
ryan.clark@genworth.com
Source: Genworth Financial, Inc.
FAQ
How much have long-term care costs increased in Washington state in 2024?
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