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Growth in Alabama Long Term Care Costs Outpacing the Rate of Inflation in Much of the State, According to Annual Genworth Financial Study
Date:4/30/2009

$18 per hour, with costs increasing 2 percent a year over the past five years.

Adult Day Health Care: For adult day health care services, the median daily rate statewide ranges from $18 in Mobile to $25 in Birmingham (comparable costs are not available for Montgomery). The daily rate nationally is $54, significantly higher than the rates in Alabama.

Full results of Genworth's 2009 Cost of Care Survey, including detailed information about costs in Alabama, an interactive map of the cost of care in all 50 states and 331 geographic regions, and other useful tools and information, are available online at http://www.genworth.com/costofcare.

Genworth's 2009 Cost of Care Survey was conducted by CareScout during January, February and March 2009. CareScout, which was acquired by Genworth Financial in June 2008, has conducted the Genworth Cost of Care Survey since 2004.

About Genworth Financial

Genworth Financial, Inc. is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement and Protection, U.S. Mortgage Insurance and International. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit Genworth.
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SOURCE Genworth Financial
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