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

s have risen 3 percent annually over the past five years in Jacksonville to $20 per hour. The remaining three largest regions in the state have seen minimal or no increase since 2005, with costs in Tampa-St. Petersburg rising 1 percent a year to $19. There was no cost increase in Orlando and the hourly rate remains at $17. In Miami-Fort Lauderdale costs have decreased 1 percent annually since 2005 to $15. The cost nationally for this type of care is $18 per hour, with costs increasing 2 percent annually over the past five years.

Adult Day Health Care: For adult day health care services, the median daily rate statewide ranges from $45 to $65. The daily rate is $58 in Jacksonville, $62 in Tampa-St. Petersburg and $60 in Orlando. Pensacola, one of the smaller cities in the state, has the highest daily rate at $65, compared to Miami-Fort Lauderdale, a significantly larger region, with a rate of $45. The daily rate nationally is $54.

Full results of Genworth's 2009 Cost of Care Survey, including detailed information about costs in Florida, 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. It
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SOURCE Genworth Financial
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