Earlier this year, Genworth Financial, Inc., released its 10th report that examines the cost of long term care across the U.S. The 2013 Cost of Care Survey covers nearly 15,000 long term care providers across all 50 states and the District of Columbia, in 437 regions nationwide.
The report finds the following emerging trends:
- Overall, the cost of care among facility-based providers has steadily increased. Americans can expect to pay approximately $16,425 more per year for a nursing home than they paid in 2008.
- Rates charged by home care providers for “non-skilled” services have remained relatively flat over the past five years.