Growth in Texas Long Term Care Costs Outpacing the Rate of Inflation, According to Annual Genworth Finan...(of 2 percent annually over the past five...),Health

Date:4/30/2009

of 2 percent annually over the past five years for both regions. The rate increased by 3 percent a year in Houston over the past five years to $18 per hour, and 1 percent a year in San Antonio over the same period of time to $16 per hour. 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 $26 to $60. The daily rate is $30 in San Antonio, $39 in both Dallas and Houston, and $50 in Austin. The daily rate nationally is $54.

Full results of Genworth's 2009 Cost of Care Survey, including detailed information about costs in Texas, 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 distribu
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SOURCE Genworth Financial Copyright©2009 PR Newswire. All rights reserved

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