“Costs increase across long-term care in 2024, with homemaker and assisted living taking lead, Genworth report finds,” by Kathleen Steele Gaivin, McKnights Senior Living
“The cost of long-term care services increased above inflation across all care types last year, according to the 2024 Cost of Care Survey conducted by Genworth and CareScout. Growth in homemaker and assisted living community costs was most pronounced, at 10% each. … ‘We make plans to buy a house, send our kids to college, and even to retire, but few Americans plan for future long-term care needs,’ CareScout Insurance CEO A. Lynn White said. ‘The Cost of Care Survey is a great tool to inform this essential planning as families consider how they’ll pay for care should they need it.’”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
Anyone involved professionally in educating the public about LTC risk and cost should put this invaluable tool to work.