Annual Cost of Care Survey Spotlights U.S. Zip Codes with Most Affordable and Greatest Number of Long Term Care Options
RICHMOND, Va., April 30 /PRNewswire-FirstCall/ -- Americans seeking affordable long term care options will find the Midwest offers the most choices at the lowest cost, while Northeast and West Coast states generally offer fewer affordable alternatives. These are among the key findings of a national cost of care survey released today by Genworth Financial (NYSE: GNW).
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Since 2004, Genworth has surveyed the cost of long term care across the U.S. to provide Americans with a clear understanding of the cost of care in their part of the country. With this knowledge, families can begin to prudently plan for these potential costs. The most comprehensive study of its kind, Genworth's 2009 Cost of Care Survey, conducted by CareScout(R), covers more than 14,000 nursing homes, assisted living facilities, and home health and adult day health care providers in 331 regions across America.
"In 2009, we expanded the scope and depth of our annual Cost of Care Survey to help American families answer the question 'what's the cost and availability of long term care in my local community,'" said Buck Stinson, president, insurance products at Genworth Financial. "Two-thirds of people over age
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