With the cost of assisted living care increasing dramatically on a national basis, this senior living option remains most expensive in Washington, D.C., according to the 12th annual Cost of Care Survey from Genworth. “The survey shows a dramatic increase in facility based care, including assisted living and nursing home facilities, while the cost to […]
Genworth
Assisted living care is most expensive on the East Coast and in Washington, D.C. in particular, according to newly released data that confirms prior findings. The average one-bedroom monthly rate for assisted living is $8,127 in the nation’s capital, according to the 2014 Cost of Care Study recently released by LTCG, a firm that helps […]
Long-term care is expensive across the country, but some states—particularly those on the East Coast—have much higher median costs than others, as demonstrated by Genworth’s 2014 Cost of Care Survey. Nearly half of the states have a higher median annual cost for care in a single-occupancy assisted living unit than the U.S. median of $42,000. […]
Consumers have more choices for long-term care than ever before, says Genworth in its latest Cost of Care report, but those options come with a price tag that keeps getting bigger. Out of those options, which encompass home care and home health services, adult day care, and skilled nursing, assisted living costs have grown the […]
The cost of care in a private room in a U.S. nursing home averages roughly $94,170 per year, with the costs of assisted living averaging $41,124 annually, according to a report by John Hancock Life Insurance Company. Home care, in comparison, averages $29,640 annually, the study finds based on responses from 16,000 long term care […]
The cost of care among facility-based providers has steadily risen in the past five years, according to the results of Genworth’s 2012 Cost of Care Survey, while the cost of in-home care services has remained relatively flat. The cost of a single-occupancy assisted living unit, with a national median monthly rate of $3,300, rose 1.19% […]
Move over, assisted living and nursing homes—there are new alternatives in town for retiring seniors, and they’re more adventurous and personalized than ever before, according to a recent Wall Street Journal article. A growing number of intrepid retirees, wary of spending years in an assisted-living facility or staying at home, are opting for arrangements that […]
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