Genworth’s annual survey has become the industry standard. 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. Use the survey to help families evaluate options to address the increasing cost of long term care.
From the survey: the annual cost for a private nursing home room has risen from $77,000 in the 2011 survey to $81,030 in 2012.
Use the interactive online map to show your clients the current (and future) costs of care. You can also download and print state-specific cost guides. The full survey PDF also shows the 5 year average growth for different forms of care, which is great for showing clients the wisdom of adding an inflation rider to their plan.Click here to access the Cost Survey now: www.Genworth.com/cocpro
An updated Cost of Care app is also available for the iPhone and iPad.