Indiana Home Care Costs Are Rising at a Rate Below National Levels ; Genworth's 7th Annual Survey Allows Indiana Residents to Compare Long Term Care Costs Statewide

Summary

---

RICHMOND, Va., April 27 /PRNewswire/ -- According to Genworth's 2010 Cost of Care Survey, home care costs in Indiana are rising at rate well below national levels. While the median annual rate for home care costs in Indiana is in line with the national median annual rate of $43,472,(1) statewide, costs have risen just 1 percent annually over the past five years, compared to 2 percent nationally.(2)

This is important to note given that a majority of Americans prefer to receive care in the home. According to another Genworth survey conducted earlier this year, when asked to identify the setting most preferred to receive long term care, 78 percent chose the home; 18 percent chose assisted living, and only 2 percent selected a nursing home.(3)

See the full content of this document

Extract

---

Indiana Home Care Costs Are Rising at a Rate Below National Levels ; Genworth's 7th Annual Survey Allows Indiana Residents to Compare Long Term Care Costs Statewide

"Long term care is not just about nursing homes anymore," said Buck Stinson, President, U.S. Life Insurance Products at Genworth. "For many Indiana residents, the ability to live independently is critical to maintaining quality of life. Preparing for the expenses associated with one's preferred care setting is a key...

See the full content of this document

---