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"Understanding long term care costs in your local market and how these costs tend to change over time is vital to developing a plan to cover expected future costs," Zabel said. "Genworth's Cost of Care Survey is the most comprehensive of its kind and provides invaluable information on long term care costs that enable family members to conduct informed discussions with loved ones about future long term needs and preferences in order to be more informed consumers of long term care services."

Now in its ninth year, Genworth's Cost of Care Survey provides Americans with both national and local long term care cost data, as well as information on cost inflation over time. Resources include an interactive long term care map (also available as a free downloadable iPhone and iPad App) of long term care costs in 437 regions across all 50 states.

Additional Resources:
View the multimedia assets associated with this release

About Genworth's 2012 Cost of Care Survey
Genworth's Cost of Care Survey is the most comprehensive study of its kind, covering nearly 15,300 long term care providers nationwide. The survey includes 437 regions which cover all Metropolitan Statistical Areas defined for the 2010 U.S. Census. Genworth annually surveys the cost of long term care across the U.S. to help Americans plan for the potential costs associated with the various types of long term care available in their preferred location and setting. CareScout®, part of the Genworth Financial family of companies, has conducted the survey since 2004. Located in Waltham, Massachusetts, CareScout has specialized in helping families find long term care providers nationwide since 1997. Genworth's 2012 Cost of Care Survey was conducted during January, February and March 2012.

Source: Genworth Financial

 

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