Genworth Publishes Annual Cost-of-Care Report
Executive summary: Over the past 13 years, Genworth has uncovered several trends across the long-term care services landscape. Not surprisingly, the cost of all types of care has steadily risen over the years — from homemaker services to nursing home care. The report provides a high level overview of the national median rates for the various types of care settings including changes since the 2015 survey, the five-year annual growth rate, as well as the methodology used for the survey. In a nutshell: National median hourly rate for homemaker services and personal care attendants is $20. National median daily rate for adult day care is $68. National median rate for assisted living is $3,628 per month. National median daily rate for private room in a skilled nursing facility is $253.
David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.