Planning for the Cost of Care
A quick, authoritative look at an ever-growing concern.
What does long-term care cost on average? These calculations are based on the Genworth 2012 Cost of Care Survey, the most comprehensive third-party study of long-term care all over America. Conducted by CareScout®, it covers nearly 15,300 long-term care providers in 437 regions nationwide. It was created to help Americans appropriately plan for the potential cost of skilled care in their preferred location and setting. It does not represent the cost of care at our community.
Please note: Research shows that about 70 percent of people age 65 or older will need long-term care services at some point in their lifetime. And while most people think of long-term care as impacting only those in senior years, 40 percent of people currently receiving long term care services are ages 18 to 64.
The Genworth 2012 Cost of Care Survey can help families evaluate options to address the increasing cost of long term care. For the ninth consecutive year, Genworth has surveyed the cost of long term care across the U.S. to help Americans appropriately plan for the potential cost of this type of care in their preferred location and setting. The most comprehensive study of its kind, Genworth's 2012 Cost of Care Survey, conducted by CareScout®, covers nearly 15,300 long term care providers in 437 regions nationwide.