Assisted Living Care Costs Increase 6.7% In 2018

Spurred by the continuing shortage of skilled labor in senior living, the costs to reside in assisted living in 2018 are nearly double last year’s rate, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). Assisted living costs rose 6.67%, the highest spike among all care segments. AL costs increased […]

Millennials Beat Baby Boomers in Long-Term Care Planning

Though it’s no surprise many older adults fear the cost of aging and long-term care, it may come as a surprise that some millennials are already preparing for it. Just one in five adults have taken any action toward financing their long term care expenses, according to a new survey from insurer Genworth Financial (NYSE: GNW). […]

Assisted Living Rents Still Rising Amid Labor Woes

The cost of residing in an assisted living community is steadily climbing thanks in part to the ongoing labor shortage, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). The national median costs for a one-bedroom unit in a private-pay assisted living community is now $3,750 per month, or $45,000 a […]

Editor’s Picks: Fourth of July Edition

This week, Senior Housing News readers wanted to know how the Brexit vote will impact the U.S. senior housing industry and where assisted living is the priciest nationwide. Readers were also keen to learn more about Google Capital’s $46 million investment in Care.com and a wildly successful intergenerational summer camp at a continuing care retirement […]

Places Hit Hardest by Higher Assisted Living Costs

Residing in an assisted living facility can cost a substantial sum, but rates remained steadier for assisted living than other levels of care between 2015 and 2016, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). The national median costs for a one-bedroom unit in a private-pay assisted living community […]

Developer Sees Moveable Elder Cottages As Future of Senior Housing

With a design concept embracing the vision of “granny pods,” a New York home builder is launching an elder cottage concept envisioned as a solution to more affordable post-acute senior care. The average costs of assisted living and nursing home care have increased steadily in recent years, according to the Genworth 2013 Cost of Care […]

Long-Term Care Insurance Premium Hikes Ahead

Premium hikes on long-term care insurance policies are being planned by two of the industry’s largest players, but both stated their intentions to strengthen their positions and remain in the industry.  Both John Hancock Life Insurance Co. and Genworth long-term policyholders should expect to see their premiums raised in 2014 following announcements made during third […]

New Long Term Care Insurance Will Cost Buyers Big

The market for long term care insurance may present new opportunities on the horizon, with premiums bound to increase as fewer market participants and more potential beneficiaries enter.  Long term care insurance is becoming more expensive as industry mainstays have recently stopped writing new policies, writes columnist Mark Miller in a Reuters column this week.  With […]